Tesco PLC (LON:TSCO) has been assigned an average recommendation of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 283.13 ($3.70).
TSCO has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 280 ($3.66) target price on shares of Tesco in a report on Wednesday, June 19th. Jefferies Financial Group set a GBX 275 ($3.59) target price on Tesco and gave the company a “buy” rating in a report on Tuesday. Barclays reiterated an “overweight” rating and issued a GBX 280 ($3.66) target price on shares of Tesco in a report on Friday, August 16th. Goldman Sachs Group reiterated a “buy” rating on shares of Tesco in a report on Tuesday, August 13th. Finally, HSBC reiterated a “buy” rating and issued a GBX 275 ($3.59) target price on shares of Tesco in a report on Friday, June 28th.
TSCO stock traded up GBX 3 ($0.04) during trading on Wednesday, hitting GBX 216.70 ($2.83). The company had a trading volume of 9,213,613 shares, compared to its average volume of 45,150,000. The business has a 50-day moving average of GBX 224.44 and a 200-day moving average of GBX 231.78. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 260.10 ($3.40). The stock has a market cap of $21.21 billion and a PE ratio of 15.93. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02.
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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