Tesco PLC Receives Average Rating of “Hold” from Analysts (LON:TSCO)
Shares of Tesco PLC (LON:TSCO) have earned an average recommendation of “Hold” from the thirty ratings firms that are currently covering the stock, AnalystRatings.NET reports. Twelve investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 331.85 ($5.68).
Shares of Tesco PLC (LON:TSCO) traded up 2.41% on Monday, hitting GBX 284.80. 5,605,993 shares of the company’s stock traded hands. Tesco PLC has a 1-year low of GBX 277.20 and a 1-year high of GBX 382.00. The stock has a 50-day moving average of GBX 291.8 and a 200-day moving average of GBX 306.8. The company’s market cap is £22.998 billion.
A number of analysts have recently weighed in on TSCO shares. Analysts at Cantor Fitzgerald Europe upgraded shares of Tesco PLC to a “buy” rating in a research note on Monday. They now have a GBX 325 ($5.56) price target on the stock, up previously from GBX 282 ($4.83). Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Tesco PLC in a research note on Friday, July 4th. They now have a GBX 305 ($5.22) price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Wednesday, July 2nd. They now have a GBX 240 ($4.11) price target on the stock.
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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