Tesco PLC (TSCO) Stock Rating Reaffirmed by HSBC Holdings plc
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by analysts at HSBC Holdings plc in a report issued on Wednesday. They presently have a GBX 225 ($2.93) price target on the retailer’s stock. HSBC Holdings plc’s price objective indicates a potential upside of 29.31% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 240 ($3.13) price target on shares of Tesco PLC in a report on Thursday, May 4th. Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 150 ($1.95) price target on shares of Tesco PLC in a report on Tuesday, April 18th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 140 ($1.82) price target (down from GBX 160 ($2.08)) on shares of Tesco PLC in a report on Tuesday, April 18th. Finally, Kepler Capital Markets decreased their price target on Tesco PLC from GBX 205 ($2.67) to GBX 189 ($2.46) and set a “hold” rating for the company in a report on Friday, June 2nd. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 192.25 ($2.50).
Tesco PLC (LON TSCO) opened at 175.30 on Wednesday. The company’s 50-day moving average price is GBX 174.21 and its 200 day moving average price is GBX 185.21. Tesco PLC has a 12 month low of GBX 153.00 and a 12 month high of GBX 219.40. The firm’s market capitalization is GBX 14.29 billion.
In related news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were purchased at an average price of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,554.46). Insiders purchased a total of 20,232 shares of company stock worth $3,461,440 in the last 90 days.
Tesco PLC Company Profile
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 and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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