TESCO Given “Underweight” Rating at HSBC (TSCO)
TESCO (LON:TSCO)‘s stock had its “underweight” rating reaffirmed by stock analysts at HSBC in a report issued on Tuesday, Stock Ratings News reports. They currently have a GBX 340 ($5.58) target price on the stock. HSBC’s price target indicates a potential upside of 3.56% from the stock’s previous close.
A number of other analysts have also recently weighed in on TSCO. Analysts at Panmure Gordon reiterated a “hold” rating on shares of TESCO in a research note to investors on Monday. Separately, 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). Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO in a research note to investors on Friday, January 3rd. They now have a GBX 440 ($7.22) price target on the stock. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 358.16 ($5.87).
TESCO (LON:TSCO) traded down 1.04% on Tuesday, hitting GBX 328.30. The stock had a trading volume of 35,238,152 shares. TESCO has a one year low of GBX 316.60 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 339.0 and its 200-day moving average is GBX 356.1. The company’s market cap is £26.464 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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