Tesco PLC’s (TSCO) Hold Rating Reiterated at 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 presently have a GBX 195 ($2.41) target price on the retailer’s stock. HSBC’s target price suggests a potential downside of 0.05% from the company’s previous close.
A number of other research firms also recently weighed in on TSCO. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research report on Thursday, October 6th. Deutsche Bank AG upped their price target on Tesco PLC from GBX 185 ($2.29) to GBX 230 ($2.85) and gave the stock a “hold” rating in a research report on Thursday, October 6th. Jefferies Group reaffirmed a “hold” rating and set a GBX 185 ($2.29) price target on shares of Tesco PLC in a research report on Thursday, October 6th. Societe Generale reaffirmed a “sell” rating and set a GBX 130 ($1.61) price target on shares of Tesco PLC in a research report on Thursday, October 6th. Finally, BNP Paribas downgraded Tesco PLC to a “neutral” rating and upped their price target for the stock from GBX 185 ($2.29) to GBX 200 ($2.48) in a research report on Thursday, October 6th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Tesco PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 193.16 ($2.39).
Tesco PLC (LON:TSCO) opened at 202.80 on Friday. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The company’s market cap is GBX 16.51 billion. The company’s 50-day moving average is GBX 177.62 and its 200-day moving average is GBX 169.87.
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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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