Tesco PLC (TSCDY) Receives Consensus Rating of “Hold” from Brokerages
Tesco PLC (OTCMKTS:TSCDY) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $8.50.
A number of research firms recently weighed in on TSCDY. Goldman Sachs Group raised shares of Tesco from a “sell” rating to a “buy” rating in a research note on Tuesday. Berenberg Bank started coverage on shares of Tesco in a report on Tuesday, October 3rd. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Tesco from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Thursday, September 28th. Finally, BNP Paribas downgraded shares of Tesco from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 13th.
Shares of Tesco (OTCMKTS TSCDY) opened at $8.11 on Thursday. Tesco has a one year low of $6.34 and a one year high of $8.24.
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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