Tesco PLC (TSCO) Given “Hold” Rating at Beaufort Securities
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by equities research analysts at Beaufort Securities in a report issued on Thursday.
A number of other research analysts have also commented on TSCO. HSBC reiterated a “buy” rating and issued a GBX 275 ($3.59) price target on shares of Tesco PLC in a research note on Friday, June 10th. Barclays PLC reiterated an “overweight” rating and issued a GBX 215 ($2.81) price target on shares of Tesco PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 195 ($2.55) price target on shares of Tesco PLC in a research note on Wednesday, June 15th. Societe Generale decreased their price target on shares of 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, Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a research note on Friday, June 17th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Tesco PLC currently has a consensus rating of “Hold” and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% on Thursday, hitting GBX 201.20. 36,174,322 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 173.37 and a 200 day moving average price of GBX 169.77. The company’s market capitalization is GBX 16.36 billion. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85.
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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).
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