Barclays PLC Reaffirms “Overweight” Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a research note issued to investors on Thursday. They presently have a GBX 215 ($2.81) price objective on the retailer’s stock. Barclays PLC’s target price would suggest a potential upside of 21.02% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. Macquarie reiterated an “outperform” rating and set a GBX 250 ($3.26) target price on shares of Tesco PLC in a report on Monday. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a report on Wednesday, August 31st. Deutsche Bank AG reiterated a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Tesco PLC in a report on Tuesday, August 23rd. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a report on Monday, September 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Tesco PLC has an average rating of “Hold” and a consensus price target of GBX 193.42 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 180.00 on Thursday. The stock’s market cap is GBX 14.63 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 205.90. The firm’s 50-day moving average price is GBX 163.59 and its 200 day moving average price is GBX 169.97.
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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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