Tesco PLC’s (TSCO) Hold Rating Reaffirmed at Shore Capital
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by equities research analysts at Shore Capital in a research report issued on Wednesday.
A number of other brokerages have also recently issued reports on TSCO. BNP Paribas reaffirmed an “outperform” rating and set a GBX 185 ($2.41) target price on shares of Tesco PLC in a research report on Wednesday, September 14th. Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.26) target price on shares of Tesco PLC in a research report on Monday, September 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 135 ($1.76) target price on shares of Tesco PLC in a research report on Thursday, September 8th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a research report on Thursday, September 22nd. Finally, Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded down 0.35% during mid-day trading on Wednesday, reaching GBX 201.20. 36,174,322 shares of the company’s stock traded hands. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The firm’s 50-day moving average price is GBX 173.37 and its 200 day moving average price is GBX 169.77. The stock’s market capitalization is GBX 16.36 billion.
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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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