Tesco PLC’s (TSCO) Hold Rating Reiterated at Jefferies Group
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group in a report released on Thursday. They presently have a GBX 185 ($2.41) price objective on the retailer’s stock. Jefferies Group’s price target suggests a potential downside of 8.05% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Societe Generale restated a “sell” rating and issued a GBX 130 ($1.70) target price on shares of Tesco PLC in a research report on Thursday. Beaufort Securities restated a “hold” rating on shares of Tesco PLC in a research report on Thursday. Shore Capital restated a “hold” rating on shares of Tesco PLC in a research report on Wednesday. Bryan, Garnier & Co restated a “sell” rating and issued a GBX 166 ($2.17) target price on shares of Tesco PLC in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 135 ($1.76) target price on shares of Tesco PLC in a research report on Monday. Five investment 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during midday trading on Thursday, hitting GBX 201.20. The stock had a trading volume of 36,174,322 shares. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The firm’s market cap is GBX 16.36 billion. The company’s 50-day moving average price is GBX 173.37 and its 200-day moving average price is GBX 169.77.
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 https://www.americanbankingnews.com/2016/10/07/tesco-plcs-tsco-hold-rating-reiterated-at-jefferies-group.html
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).
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.