Tesco PLC’s (TSCO) “Buy” Rating Reiterated at Citigroup Inc.
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Monday.
TSCO has been the subject of a number of other reports. Societe Generale lowered their target price on shares of Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “sell” rating for the company in a report on Friday, June 17th. HSBC reiterated a “buy” rating and set a GBX 275 ($3.59) price objective on shares of Tesco PLC in a research note on Monday, June 27th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Wednesday, June 15th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 115 ($1.50) price objective on shares of Tesco PLC in a research note on Monday, July 4th. Finally, Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Thursday, June 23rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Tesco PLC has a consensus rating of “Hold” and a consensus target price of GBX 193.42 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 177.90 on Monday. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 205.90. The stock has a 50 day moving average of GBX 162.56 and a 200-day moving average of GBX 170.08. The firm’s market capitalization is GBX 14.46 billion.
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About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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