Tesco PLC (TSCDY) Stock Rating Upgraded by HSBC
Tesco PLC (NASDAQ:TSCDY) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
A number of other equities analysts have also recently commented on TSCDY. Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 27th. Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a report on Friday, October 7th. Zacks Investment Research raised Tesco PLC from a “sell” rating to a “hold” rating and set a $7.75 price target for the company in a report on Friday, September 16th. Beaufort Securities reaffirmed a “hold” rating on shares of Tesco PLC in a report on Friday, October 7th. Finally, BNP Paribas cut Tesco PLC from an “outperform” rating to a “neutral” rating in a report on Thursday, October 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.75.
Tesco PLC (NASDAQ:TSCDY) opened at 8.10 on Monday. The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Tesco PLC has a 12-month low of $6.00 and a 12-month high of $8.68.
About Tesco PLC
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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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