TESCO’s “Hold” Rating Reaffirmed at Seymour Pierce (TSCO)
TESCO (LON:TSCO)‘s stock had its “hold” rating restated by equities research analysts at Seymour Pierce in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a GBX 353 ($5.79) price target on the stock. Seymour Pierce’s price target indicates a potential upside of 7.52% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon raised their price target on shares of TESCO from GBX 600 ($9.84) to GBX 684 ($11.22) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Prime Markets reiterated a “sell” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 310 ($5.08) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 353 ($5.79) price target on the stock. 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 stock. TESCO currently has an average rating of “Hold” and a consensus target price of GBX 365.11 ($5.99).
TESCO (LON:TSCO) traded down 1.20% during mid-day trading on Thursday, hitting GBX 324.35. The stock had a trading volume of 28,215,020 shares. TESCO has a 52 week low of GBX 316.60 and a 52 week high of GBX 388.05. The stock has a 50-day moving average of GBX 337.1 and a 200-day moving average of GBX 356.1. The company’s market cap is £26.146 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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