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. “
Several other equities research analysts have also recently issued reports on the stock. Citigroup Inc. reaffirmed a buy rating on shares of Tesco PLC in a research note on Friday. Beaufort Securities reaffirmed a hold rating on shares of Tesco PLC in a research note on Friday. BNP Paribas cut shares of Tesco PLC from an outperform rating to a neutral rating in a research note on Thursday. Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a research note on Wednesday. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating on shares of Tesco PLC in a research note on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. 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 7.47 on Friday. The company’s 50-day moving average is $6.77 and its 200 day moving average is $6.96. Tesco PLC has a 52 week low of $6.00 and a 52 week high of $9.32. The stock has a market capitalization of $20.24 billion and a P/E ratio of 113.18.
Tesco PLC Company Profile
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.
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