TESCO Given Equal weight Rating at Barclays (TSCO)
TESCO (LON:TSCO)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Tuesday, ARN reports. They currently have a GBX 365 ($5.99) price objective on the stock. Barclays’ price objective would indicate a potential upside of 10.02% from the company’s current price.
TESCO (LON:TSCO) traded down 0.14% on Tuesday, hitting GBX 331.75. The stock had a trading volume of 17,197,600 shares. TESCO has a 52 week low of GBX 316.60 and a 52 week high of GBX 388.05. The stock’s 50-day moving average is GBX 337.1 and its 200-day moving average is GBX 356.1. The company’s market cap is £26.742 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “underweight” rating on shares of TESCO in a research note to investors on Tuesday. They now have a GBX 340 ($5.58) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of TESCO in a research note to investors on Monday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO in a research note to investors on Monday. They now have a GBX 78 ($1.28) price target on the stock, up previously from GBX 75 ($1.23). Ten analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. TESCO presently has a consensus rating of “Hold” and an average target price of GBX 358.16 ($5.87).
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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