Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by Shore Capital in a note issued to investors on Wednesday.
TSCO has been the subject of several other reports. Societe Generale lowered their target price on shares of Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “sell” rating for the company in a research note on Friday, June 17th. Barclays PLC restated an “overweight” rating and issued a GBX 215 ($2.81) target price on shares of Tesco PLC in a research note on Wednesday, September 14th. HSBC restated a “buy” rating and issued a GBX 275 ($3.59) target price on shares of Tesco PLC in a research note on Monday, June 27th. Deutsche Bank AG restated a “hold” rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a research note on Wednesday, June 15th. Finally, Credit Suisse Group AG restated an “underperform” rating and issued a GBX 115 ($1.50) target price on shares of Tesco PLC in a research note on Monday, July 4th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 199.85 on Wednesday. The stock has a 50 day moving average price of GBX 172.40 and a 200 day moving average price of GBX 169.59. The stock’s market capitalization is GBX 16.25 billion. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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