Tesco PLC’s (TSCO) Hold Rating Reiterated at HSBC
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reiterated by equities researchers at HSBC in a research note issued on Friday. They presently have a GBX 195 ($2.41) target price on the retailer’s stock. HSBC’s target price would suggest a potential downside of 0.05% from the stock’s previous close.
A number of other research firms have also weighed in on TSCO. BNP Paribas reissued an “outperform” rating and issued a GBX 185 ($2.29) price objective on shares of Tesco PLC in a research report on Wednesday, September 14th. Macquarie reissued an “outperform” rating and issued a GBX 250 ($3.09) price objective on shares of Tesco PLC in a research report on Monday, September 19th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 135 ($1.67) price objective on shares of Tesco PLC in a research report on Thursday, September 8th. Deutsche Bank AG boosted their price objective on shares of Tesco PLC from GBX 185 ($2.29) to GBX 230 ($2.85) and gave the company a “hold” rating in a research report on Thursday, October 6th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a research report on Thursday, October 6th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 193.16 ($2.39).
Tesco PLC (LON:TSCO) opened at 202.80 on Friday. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The firm has a 50-day moving average of GBX 177.62 and a 200 day moving average of GBX 169.87. The stock’s market cap is GBX 16.51 billion.
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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