Tesco PLC (TSCO) Given Buy Rating at HSBC Holdings plc
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating restated by equities researchers at HSBC Holdings plc in a research note issued to investors on Wednesday.
Several other equities research analysts have also issued reports on the company. Macquarie reaffirmed an “outperform” rating and issued a GBX 250 ($3.23) price objective on shares of Tesco PLC in a research note on Thursday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 240 ($3.10) price objective on shares of Tesco PLC in a research note on Friday, July 7th. Kepler Capital Markets lowered their price objective on Tesco PLC from GBX 205 ($2.65) to GBX 189 ($2.44) and set a “hold” rating for the company in a research note on Friday, June 2nd. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 180 ($2.32) price objective on shares of Tesco PLC in a research note on Tuesday, May 30th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 192.25 ($2.48).
Shares of Tesco PLC (LON TSCO) traded up 0.70% during trading on Wednesday, reaching GBX 187.75. The company’s stock had a trading volume of 16,894,472 shares. The stock’s market cap is GBX 15.31 billion. Tesco PLC has a 12-month low of GBX 160.65 and a 12-month high of GBX 219.40. The company has a 50 day moving average of GBX 179.80 and a 200-day moving average of GBX 181.13.
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In related news, insider John Allan purchased 20,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were acquired at an average cost of GBX 171 ($2.21) per share, for a total transaction of £34,200 ($44,168.93). Insiders bought a total of 20,234 shares of company stock worth $3,461,414 over the last quarter.
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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