TESCO Receives Equal Weight Rating from Barclays Capital (TSCO)
TESCO (LON:TSCO)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays Capital in a research report issued on Tuesday, American Banking News reports. They currently have a GBX 365 ($5.85) price objective on the stock. Barclays Capital’s price objective would indicate a potential downside of 2.94% from the company’s current price.
TSCO has been the subject of a number of other recent research reports. Analysts at HSBC raised their price target on shares of TESCO (LON:TSCO) from GBX 420 ($6.73) to GBX 430 ($6.89) in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of TESCO (LON:TSCO) in a research note to investors on Monday. They now have a GBX 365 ($5.85) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of TESCO (LON:TSCO) in a research note to investors on Friday. They now have a GBX 430 ($6.89) price target on the stock.
Eight research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 387.35 ($6.20).
TESCO (LON:TSCO) traded down 0.64% during mid-day trading on Tuesday, hitting GBX 373.65. 5,417,256 shares of the company’s stock traded hands. TESCO has a 52 week low of GBX 306.40 and a 52 week high of GBX 388.05. The stock has a 50-day moving average of GBX 370.3 and a 200-day moving average of GBX 366.0. The company’s market cap is £30.034 billion.
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
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