Tesco PLC (TSCO) Earns Hold Rating from Jefferies Group
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research report issued on Wednesday. They currently have a GBX 185 ($2.41) price objective on the retailer’s stock. Jefferies Group’s price objective would indicate a potential upside of 3.99% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Barclays PLC restated an “equal weight” rating and issued a GBX 225 ($2.94) target price on shares of Tesco PLC in a research note on Wednesday, June 1st. BNP Paribas restated an “outperform” rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a research note on Wednesday, June 1st. Deutsche Bank AG restated a “hold” rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a research note on Friday, June 24th. Societe Generale cut their target price on Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “sell” rating on the stock in a research note on Friday, June 17th. Finally, Credit Suisse Group AG cut their target price on Tesco PLC from GBX 135 ($1.76) to GBX 115 ($1.50) and set an “underperform” rating on the stock in a research note on Wednesday, May 25th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 193.42 ($2.52).
Tesco PLC (LON:TSCO) opened at 179.05 on Wednesday. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 205.90. The company’s market cap is GBX 14.56 billion. The firm’s 50-day moving average price is GBX 162.97 and its 200-day moving average price is GBX 170.02.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/tesco-plc-tsco-earns-hold-rating-from-jefferies-group.html
Tesco PLC Company Profile
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).
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.