Tesco PLC (TSCO) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Tesco PLC (LON:TSCO) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 205.29 ($2.74).
Several equities analysts have weighed in on the company. Beaufort Securities restated a “buy” rating and set a GBX 210 ($2.81) price target on shares of Tesco in a report on Monday, October 2nd. restated a “buy” rating and set a GBX 225 ($3.01) price target on shares of Tesco in a report on Monday, October 2nd. Deutsche Bank restated a “buy” rating and set a GBX 240 ($3.21) price target on shares of Tesco in a report on Wednesday, September 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Tesco in a report on Wednesday, November 22nd.
Shares of Tesco (LON:TSCO) traded down GBX 1.60 ($0.02) on Friday, reaching GBX 209.60 ($2.80). The company had a trading volume of 11,735,950 shares, compared to its average volume of 22,390,000. The company has a market cap of $17,300.00 and a P/E ratio of 3,493.33. Tesco has a 52 week low of GBX 165.35 ($2.21) and a 52 week high of GBX 215.16 ($2.88).
Tesco 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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