Tesco PLC Receives Average Rating of “Hold” from Analysts (LON:TSCO)
Shares of Tesco PLC (LON:TSCO) have earned a consensus rating of “Hold” from the twenty-nine brokerages that are covering the stock, American Banking News.com reports. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 329.20 ($5.45).
A number of research firms have recently commented on TSCO. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Wednesday, August 20th. They now have a GBX 235 ($3.89) 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 ($4.96) price target on the stock.
Shares of Tesco PLC (LON:TSCO) opened at 248.00 on Friday. Tesco PLC has a one year low of GBX 241.30 and a one year high of GBX 382.00. The stock’s 50-day moving average is GBX 263.5 and its 200-day moving average is GBX 291.8. The company’s market cap is £20.026 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.
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