HSBC reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Sunday. The firm currently has a GBX 260 ($3.25) price objective on the retailer’s stock.

TSCO has been the topic of several other research reports. Barclays PLC reaffirmed an overweight rating and issued a GBX 215 ($2.69) price target on shares of Tesco PLC in a report on Wednesday, September 14th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 230 ($2.87) price target on shares of Tesco PLC in a report on Thursday. BNP Paribas reaffirmed a neutral rating and issued a GBX 200 ($2.50) price target on shares of Tesco PLC in a report on Monday, October 17th. Societe Generale reaffirmed a sell rating and issued a GBX 167 ($2.09) price target on shares of Tesco PLC in a report on Wednesday, November 2nd. Finally, Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a report on Tuesday, November 1st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Tesco PLC presently has a consensus rating of Hold and an average target price of GBX 198.68 ($2.48).

Shares of Tesco PLC (LON:TSCO) opened at 212.50 on Friday. The company has a 50-day moving average price of GBX 205.27 and a 200 day moving average price of GBX 174.18. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 218.00. The company’s market capitalization is GBX 17.30 billion.

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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