Other equities analysts have also issued reports about the company. HSBC reaffirmed a buy rating and issued a GBX 275 ($3.40) price target on shares of Tesco PLC in a report on Friday, June 10th. Citigroup Inc. reiterated a buy rating on shares of Tesco PLC in a research report on Friday, June 17th. Morgan Stanley increased their price objective on Tesco PLC from GBX 160 ($1.98) to GBX 170 ($2.10) and gave the stock an equal weight rating in a research report on Wednesday, September 14th. Deutsche Bank AG reiterated a hold rating and issued a GBX 195 ($2.41) price objective on shares of Tesco PLC in a research report on Friday, June 24th. Finally, Shore Capital reiterated a hold rating on shares of Tesco PLC in a research report on Thursday, June 23rd. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 193.16 ($2.39).
Shares of Tesco PLC (LON:TSCO) opened at 200.0928 on Thursday. The company’s market cap is GBX 16.27 billion. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The company’s 50-day moving average price is GBX 174.98 and its 200-day moving average price is GBX 169.39.
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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