Tesco PLC (TSCO) Earns Hold Rating from HSBC
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by stock analysts at HSBC in a research report issued to clients and investors on Thursday. They currently have a GBX 195 ($2.55) target price on the retailer’s stock. HSBC’s price target would indicate a potential downside of 5.84% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research note on Friday, June 17th. Morgan Stanley raised their price objective on shares of Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the stock an “equal weight” rating in a research note on Wednesday, September 14th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 195 ($2.55) price target on shares of Tesco PLC in a research note on Friday, June 24th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research note on Thursday, June 23rd. Finally, Beaufort Securities reissued a “hold” rating on shares of Tesco PLC in a research note on Friday, June 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 192.37 ($2.51).
Tesco PLC (LON:TSCO) opened at 202.964 on Thursday. The company’s market capitalization is GBX 16.50 billion. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85. The firm has a 50 day moving average of GBX 171.17 and a 200-day moving average of GBX 169.36.
Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
Receive News & Stock Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related stocks with our FREE daily email newsletter.