Tesco PLC’s (TSCO) “Hold” Rating Reaffirmed at Jefferies Group
Jefferies Group reiterated their hold rating on shares of Tesco PLC (LON:TSCO) in a research report released on Thursday morning. They currently have a GBX 185 ($2.41) target price on the retailer’s stock.
TSCO has been the subject of several other research reports. Societe Generale cut their target price on Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a sell rating for the company in a research report on Friday, June 17th. Barclays PLC reiterated an overweight rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a research report on Wednesday, September 14th. HSBC reiterated a buy rating and set a GBX 275 ($3.59) target price on shares of Tesco PLC in a research report on Monday, June 27th. Deutsche Bank AG reiterated a hold rating and set a GBX 195 ($2.55) target price on shares of Tesco PLC in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reiterated an underperform rating and set a GBX 115 ($1.50) target price on shares of Tesco PLC in a research report on Monday, July 4th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Tesco PLC presently has a consensus rating of Hold and a consensus price target of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.35% during mid-day trading on Thursday, reaching GBX 201.20. The company’s stock had a trading volume of 33,445,001 shares. The company has a 50-day moving average price of GBX 172.40 and a 200 day moving average price of GBX 169.59. The company’s market cap is GBX 16.36 billion. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85.
About Tesco PLC
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).
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