Tesco PLC (TSCO) Stock Rating Reaffirmed by Barclays PLC
Tesco PLC (LON:TSCO)‘s stock had its “overweight” rating reiterated by Barclays PLC in a report issued on Wednesday. They currently have a GBX 215 ($2.69) price objective on the retailer’s stock. Barclays PLC’s price target indicates a potential upside of 0.47% from the company’s current price.
Several other research firms have also recently commented on TSCO. BNP Paribas restated an “outperform” rating and issued a GBX 185 ($2.31) price target on shares of Tesco PLC in a report on Wednesday, September 14th. Macquarie restated an “outperform” rating and issued a GBX 250 ($3.12) price target on shares of Tesco PLC in a report on Monday, September 19th. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 130 ($1.62) price target on shares of Tesco PLC in a report on Tuesday. HSBC restated a “hold” rating and issued a GBX 195 ($2.44) price target on shares of Tesco PLC in a report on Thursday, October 6th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 135 ($1.69) price target on shares of Tesco PLC in a report on Thursday, September 8th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Tesco PLC has an average rating of “Hold” and a consensus target price of GBX 198.68 ($2.48).
Shares of Tesco PLC (LON:TSCO) opened at 214.65 on Wednesday. The firm’s market cap is GBX 17.48 billion. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 218.00. The firm’s 50-day moving average is GBX 203.65 and its 200-day moving average is GBX 173.90.
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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