Tesco (OTCMKTS:TSCDY) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.
Several other brokerages also recently weighed in on TSCDY. Zacks Investment Research upgraded Tesco from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Thursday, March 22nd. Jefferies Group upgraded Tesco from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. ValuEngine downgraded Tesco from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Barclays restated an “overweight” rating on shares of Tesco in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.50.
Shares of TSCDY stock opened at $8.59 on Friday. Tesco has a 1-year low of $6.34 and a 1-year high of $9.03. The firm has a market cap of $23,196.17, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.50.
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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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