Tesco PLC (TSCO) Earns Buy Rating from HSBC
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by investment analysts at HSBC in a research report issued to clients and investors on Monday. They presently have a GBX 260 ($3.22) price target on the retailer’s stock. HSBC’s price target suggests a potential upside of 31.02% from the stock’s previous close.
A number of other research firms have also recently issued reports on TSCO. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 130 ($1.61) price objective on shares of Tesco PLC in a research report on Friday, October 28th. Societe Generale reiterated a “sell” rating and set a GBX 167 ($2.07) price objective on shares of Tesco PLC in a research report on Wednesday, November 2nd. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research report on Tuesday, November 1st. Goldman Sachs Group Inc. upped their price objective on shares of Tesco PLC from GBX 142 ($1.76) to GBX 145 ($1.80) and gave the stock a “sell” rating in a research report on Wednesday, October 26th. Finally, Citigroup Inc. reiterated 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, ten have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 198.68 ($2.46).
Shares of Tesco PLC (LON:TSCO) opened at 204.30 on Monday. The firm has a 50-day moving average of GBX 200.04 and a 200 day moving average of GBX 172.89. The firm’s market capitalization is GBX 16.63 billion. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 216.30.
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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