Shore Capital Reiterates Hold Rating for Tesco PLC (TSCO)
A number of other firms have also recently commented on TSCO. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Tesco PLC in a research note on Thursday. They now have a GBX 325 ($5.38) price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Tesco PLC to a “hold” rating in a research note on Thursday. They now have a GBX 280 ($4.63) price target on the stock, down previously from GBX 313 ($5.18). Finally, 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. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 327.88 ($5.43).
Shares of Tesco PLC (LON:TSCO) opened at 245.50 on Thursday. Tesco PLC has a 52 week low of GBX 241.30 and a 52 week high of GBX 382.00. The stock has a 50-day moving average of GBX 262.1 and a 200-day moving average of GBX 290.8. The company’s market cap is £19.824 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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