Tesco PLC Given Average Rating of “Hold” by Analysts (LON:TSCO)
Tesco PLC (LON:TSCO) has earned an average recommendation of “Hold” from the twenty-nine brokerages that are currently covering the stock, American Banking & Market News reports. Ten research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 329.20 ($5.50).
TSCO has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 235 ($3.93) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Tesco PLC in a research note on Wednesday, August 6th. They now have a GBX 300 ($5.02) price target on the stock.
Tesco PLC (LON:TSCO) opened at 247.90 on Friday. Tesco PLC has a 52-week low of GBX 241.30 and a 52-week high of GBX 382.00. The stock’s 50-day moving average is GBX 266.3 and its 200-day moving average is GBX 292.9. The company’s market cap is £20.018 billion.
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.