Tesco (TSCO) Research Coverage Started at Morgan Stanley

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Morgan Stanley assumed coverage on shares of Tesco (LON:TSCO) in a research note released on Thursday. The firm issued an overweight rating on the retailer’s stock.

A number of other brokerages also recently weighed in on TSCO. Shore Capital reiterated a buy rating on shares of Tesco in a report on Monday, January 28th. UBS Group reiterated a buy rating on shares of Tesco in a report on Tuesday, December 4th. Barclays reissued an overweight rating and set a GBX 280 ($3.66) price objective on shares of Tesco in a research report on Monday, November 19th. Kepler Capital Markets reissued a hold rating on shares of Tesco in a research report on Thursday, November 8th. Finally, Sanford C. Bernstein reissued an outperform rating on shares of Tesco in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 267.85 ($3.50).

Shares of TSCO stock opened at GBX 224.20 ($2.93) on Thursday. Tesco has a 1-year low of GBX 165.35 ($2.16) and a 1-year high of GBX 217.31 ($2.84).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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