TESCO Receives “Buy” Rating from Jefferies Group (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Wednesday, American Banking & Market News reports. They currently have a GBX 440 ($7.05) price objective on the stock. Jefferies Group’s price objective suggests a potential upside of 17.65% from the stock’s previous close.
TESCO (LON:TSCO) opened at 363.20 on Wednesday. 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 £29.194 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of TESCO (LON:TSCO) from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 350 ($5.61) price target on the stock, down previously from GBX 390 ($6.25). Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of TESCO (LON:TSCO) in a research note to investors on Tuesday. They now have a GBX 365 ($5.85) price target on the stock. Finally, 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.
Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 385.68 ($6.18).
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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