Tesco PLC (TSCDY) Given Buy Rating at Citigroup Inc.
Tesco PLC (NASDAQ:TSCDY)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a research report issued on Friday.
A number of other analysts have also weighed in on the stock. Beaufort Securities reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Friday. BNP Paribas lowered shares of Tesco PLC from an “outperform” rating to a “neutral” rating in a research note on Thursday. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Wednesday. Zacks Investment Research lowered shares of Tesco PLC from a “hold” rating to a “sell” rating in a research note on Friday, September 23rd. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Tesco PLC in a research note on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded down 1.87% during mid-day trading on Friday, reaching $7.47. 51,925 shares of the company’s stock were exchanged. The firm has a market capitalization of $20.24 billion and a P/E ratio of 113.18. The company’s 50-day moving average is $6.77 and its 200 day moving average is $6.96. Tesco PLC has a one year low of $6.00 and a one year high of $9.32.
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About Tesco PLC
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland, International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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