Tesco PLC (TSCO) Receives “Buy” Rating from HSBC Holdings plc

HSBC Holdings plc reiterated their buy rating on shares of Tesco PLC (LON:TSCO) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 260 ($3.31) target price on the retailer’s stock.

A number of other research firms also recently commented on TSCO. Kepler Capital Markets reaffirmed a hold rating and set a GBX 205 ($2.61) target price on shares of Tesco PLC in a report on Thursday, March 30th. Beaufort Securities raised Tesco PLC to a buy rating in a report on Wednesday, March 29th. BNP Paribas reaffirmed an underperform rating and set a GBX 180 ($2.29) target price on shares of Tesco PLC in a report on Friday, March 17th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 240 ($3.06) target price on shares of Tesco PLC in a report on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a sell rating and set a GBX 150 ($1.91) target price on shares of Tesco PLC in a report on Tuesday, April 18th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 194.44 ($2.48).

Analyst Recommendations for Tesco PLC (LON:TSCO)

Shares of Tesco PLC (TSCO) opened at 171.05 on Wednesday. Tesco PLC has a 52-week low of GBX 143.08 and a 52-week high of GBX 219.40. The stock’s 50 day moving average is GBX 181.45 and its 200 day moving average is GBX 191.76. The stock’s market cap is GBX 13.95 billion.

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In related news, insider Steve Golsby acquired 42,296 shares of the stock in a transaction on Monday, April 24th. The shares were bought at an average price of GBX 176 ($2.24) per share, with a total value of £74,440.96 ($94,841.33). Also, insider John Allan acquired 20,000 shares of the stock in a transaction on Wednesday, April 12th. The shares were bought at an average cost of GBX 186 ($2.37) per share, for a total transaction of £37,200 ($47,394.57). Insiders have purchased 62,601 shares of company stock valued at $11,219,327 over the last quarter.

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 and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

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