A number of other brokerages have also recently commented on TSCO. Citigroup Inc. reissued a buy rating on shares of Tesco PLC in a research note on Thursday, October 6th. Deutsche Bank AG increased their price objective on shares of Tesco PLC from GBX 185 ($2.29) to GBX 230 ($2.85) and gave the company a hold rating in a research note on Thursday, October 6th. Jefferies Group reissued a hold rating and issued a GBX 185 ($2.29) price objective on shares of Tesco PLC in a research note on Thursday, October 6th. Societe Generale reissued a sell rating and issued a GBX 130 ($1.61) price objective on shares of Tesco PLC in a research note on Thursday, October 6th. Finally, BNP Paribas cut shares of Tesco PLC to a neutral rating and increased their price objective for the company from GBX 185 ($2.29) to GBX 200 ($2.48) in a research note on Thursday, October 6th. Five 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. Tesco PLC currently has a consensus rating of Hold and a consensus price target of GBX 193.16 ($2.39).
Tesco PLC (LON:TSCO) traded down 0.76% during midday trading on Friday, hitting GBX 202.15. 15,558,581 shares of the stock were exchanged. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The stock’s market cap is GBX 16.46 billion. The firm has a 50 day moving average of GBX 178.68 and a 200-day moving average of GBX 170.10.
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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