Tesco PLC’s (TSCO) “Outperform” Rating Reaffirmed at Macquarie
Macquarie reissued their outperform rating on shares of Tesco PLC (LON:TSCO) in a research note released on Wednesday. Macquarie currently has a GBX 250 ($3.12) price objective on the retailer’s stock.
TSCO has been the subject of several other research reports. BNP Paribas reiterated an outperform rating and issued a GBX 185 ($2.31) price target on shares of Tesco PLC in a report on Wednesday, September 14th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 130 ($1.62) price target on shares of Tesco PLC in a report on Tuesday. HSBC reiterated a hold rating and issued a GBX 195 ($2.44) price target on shares of Tesco PLC in a report on Thursday, October 6th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 135 ($1.69) price target on shares of Tesco PLC in a report on Thursday, September 8th. Finally, Deutsche Bank AG upped their price target on shares of Tesco PLC from GBX 185 ($2.31) to GBX 230 ($2.87) and gave the company a hold rating in a report on Thursday, October 6th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Tesco PLC has an average rating of Hold and an average target price of GBX 198.68 ($2.48).
Tesco PLC (LON:TSCO) traded up 0.40% on Wednesday, hitting GBX 214.00. 21,026,148 shares of the stock were exchanged. The stock’s market capitalization is GBX 8302.00 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 218.00. The company has a 50 day moving average of GBX 202.66 and a 200 day moving average of GBX 173.61.
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).
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