According to Zacks, “TESCO PLC., is the UK’s largest retailer and one of the world’s leading international retailers. Tesco has reached this position through consistent focus on their four part strategy for growth: Tesco has a strong, growing core UK business offering customers excellent value, choice and convenience; Tesco aims to be as strong in non-food as it is in food; Tesco follows the customer into new areas like retailing services such as financial products (Tesco Personal Finance), internet shopping (Tesco.com) and telecoms (Tesco telecom offers mobile, fixed line and broadband services) & Tesco is a leading international retailer with a long term strategy for growth. Tesco is a multi-format business, operating hypermarkets, superstores, supermarkets and convenience stores. “
TSCDY has been the subject of a number of other research reports. Societe Generale restated a sell rating on shares of Tesco PLC in a research report on Tuesday, June 28th. Deutsche Bank AG reiterated a hold rating on shares of Tesco PLC in a research report on Wednesday, June 29th. Citigroup Inc. reiterated a buy rating on shares of Tesco PLC in a research report on Friday, June 17th. HSBC lowered shares of Tesco PLC from a buy rating to a hold rating in a research report on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. reiterated a sell rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $7.75.
Shares of Tesco PLC (NASDAQ:TSCDY) opened at 6.93 on Friday. The company has a market cap of $18.78 billion and a price-to-earnings ratio of 105.00. The stock’s 50 day moving average is $6.51 and its 200-day moving average is $7.00. Tesco PLC has a 52 week low of $6.00 and a 52 week high of $9.38.
About Tesco PLC
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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.