Tesco PLC’s (TSCDY) Buy Rating Reaffirmed at Citigroup Inc.
Tesco PLC (NASDAQ:TSCDY)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a note issued to investors on Friday.
A number of other equities analysts have also commented on TSCDY. Beaufort Securities reissued a “hold” rating on shares of Tesco PLC in a research note on Friday. Zacks Investment Research raised Tesco PLC from a “sell” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, June 15th. Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a research note on Wednesday, July 27th. BNP Paribas lowered Tesco PLC from an “outperform” rating to a “neutral” rating in a research note on Thursday. Finally, Societe Generale reissued a “sell” rating on shares of Tesco PLC in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded down 1.87% during trading on Friday, reaching $7.47. The company’s stock had a trading volume of 51,925 shares. The firm has a market capitalization of $20.24 billion and a price-to-earnings ratio of 113.18. The stock’s 50-day moving average is $6.77 and its 200 day moving average is $6.96. Tesco PLC has a 52-week low of $6.00 and a 52-week 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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