Barclays reissued their overweight rating on shares of Tesco (LON:TSCO) in a research note released on Tuesday morning. The brokerage currently has a GBX 255 ($3.52) target price on the retailer’s stock.
Several other research analysts have also recently weighed in on TSCO. Deutsche Bank reissued a buy rating and issued a GBX 240 ($3.32) price target on shares of Tesco in a report on Wednesday, November 15th. Shore Capital reissued a buy rating on shares of Tesco in a report on Wednesday, November 22nd. Berenberg Bank reaffirmed a hold rating and set a GBX 190 ($2.63) target price on shares of Tesco in a report on Friday, November 24th. Goldman Sachs Group raised shares of Tesco to a buy rating and raised their target price for the stock from GBX 155 ($2.14) to GBX 220 ($3.04) in a report on Tuesday, December 5th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 185 ($2.56) target price on shares of Tesco in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Tesco currently has a consensus rating of Hold and an average target price of GBX 213.67 ($2.95).
Tesco (LON:TSCO) opened at GBX 212.70 ($2.94) on Tuesday. The firm has a market cap of $17,420.00 and a PE ratio of 3,545.00. Tesco has a fifty-two week low of GBX 165.35 ($2.28) and a fifty-two week high of GBX 217.10 ($3.00).
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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