Tesco (TSCO) Rating Reiterated by Beaufort Securities

Tesco (LON:TSCO)‘s stock had its “hold” rating reiterated by equities researchers at Beaufort Securities in a research report issued to clients and investors on Monday. They presently have a GBX 225 ($3.16) price target on the retailer’s stock, up from their prior price target of GBX 210 ($2.95). Beaufort Securities’ price objective indicates a potential upside of 6.74% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, January 23rd. Credit Suisse Group raised their price objective on shares of Tesco from GBX 165 ($2.32) to GBX 185 ($2.60) and gave the stock an “underperform” rating in a report on Monday, January 22nd. Deutsche Bank reissued a “buy” rating and issued a GBX 240 ($3.37) price objective on shares of Tesco in a report on Monday, January 8th. Goldman Sachs Group reissued a “top pick” rating and issued a GBX 220 ($3.09) price objective on shares of Tesco in a report on Thursday, January 4th. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 185 ($2.60) price objective on shares of Tesco in a report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Tesco currently has a consensus rating of “Hold” and a consensus target price of GBX 203.67 ($2.86).

Shares of Tesco (TSCO) traded down GBX 0.70 ($0.01) during midday trading on Monday, hitting GBX 210.80 ($2.96). 15,259,277 shares of the stock were exchanged, compared to its average volume of 19,710,000. The stock has a market cap of $17,250.00 and a P/E ratio of 3,513.33. Tesco has a 12-month low of GBX 165.35 ($2.32) and a 12-month high of GBX 217.10 ($3.05).

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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.

Analyst Recommendations for Tesco (LON:TSCO)

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