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 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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