Tesco PLC (TSCO) Stock Rating Reaffirmed by HSBC
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reiterated by analysts at HSBC in a note issued to investors on Friday. They currently have a GBX 195 ($2.41) price target on the retailer’s stock. HSBC’s price target suggests a potential downside of 0.05% from the company’s current price.
TSCO has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 135 ($1.67) price target on shares of Tesco PLC in a research report on Monday, October 3rd. Barclays PLC reiterated an “overweight” rating and set a GBX 215 ($2.66) price target on shares of Tesco PLC in a research report on Wednesday, September 14th. Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research report on Wednesday, August 31st. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 200 ($2.48) price target on shares of Tesco PLC in a research report on Friday, August 5th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 193.16 ($2.39).
Tesco PLC (LON:TSCO) opened at 203.90 on Friday. The company’s market cap is GBX 16.60 billion. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85. The stock’s 50 day moving average price is GBX 177.62 and its 200 day moving average price is GBX 169.87.
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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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