Tesco’s (TSCO) “Buy” Rating Reiterated at Shore Capital
Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a report released on Thursday.
Other research analysts also recently issued reports about the company. Deutsche Bank reaffirmed a “buy” rating on shares of Tesco in a research report on Tuesday, November 21st. Goldman Sachs Group raised Tesco to a “buy” rating and lifted their price target for the stock from GBX 155 ($2.14) to GBX 220 ($3.04) in a research report on Tuesday, December 5th. UBS Group reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, February 14th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 185 ($2.56) price target on shares of Tesco in a research report on Tuesday, January 2nd. Finally, Beaufort Securities reaffirmed a “hold” rating and issued a GBX 225 ($3.11) price target (up from GBX 210 ($2.90)) on shares of Tesco in a research report on Monday, January 29th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 204 ($2.82).
Tesco (LON:TSCO) opened at GBX 202 ($2.79) on Thursday. The company has a market capitalization of $16,550.00 and a P/E ratio of 3,366.67. Tesco has a 1 year low of GBX 165.35 ($2.28) and a 1 year high of GBX 217.10 ($3.00).
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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