Tesco PLC (TSCDY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Tesco PLC (NASDAQ:TSCDY) have received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.50.
A number of research firms have recently issued reports on TSCDY. Berenberg Bank began coverage on shares of Tesco PLC in a research report on Tuesday, October 3rd. They set a “hold” rating for the company. BNP Paribas downgraded shares of Tesco PLC from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded shares of Tesco PLC from a “buy” rating to a “sell” rating in a research report on Tuesday, August 15th.
Tesco PLC (NASDAQ:TSCDY) traded up 0.34% during midday trading on Wednesday, reaching $7.41. The company’s stock had a trading volume of 59,652 shares. The company’s 50-day moving average is $7.42 and its 200 day moving average is $7.07. The firm has a market capitalization of $20.16 billion and a P/E ratio of 22.25. Tesco PLC has a 52 week low of $6.34 and a 52 week high of $8.24.
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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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