Tesco PLC (TSCO) Receives “Underperform” Rating from Credit Suisse Group
Credit Suisse Group reiterated their underperform rating on shares of Tesco PLC (LON:TSCO) in a research report sent to investors on Tuesday. The firm currently has a GBX 145 ($1.88) price target on the retailer’s stock.
Several other equities research analysts also recently issued reports on TSCO. Shore Capital restated a hold rating on shares of Tesco PLC in a report on Tuesday, August 22nd. Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.20) price target on shares of Tesco PLC in a report on Wednesday, June 14th. Deutsche Bank AG restated a buy rating and issued a GBX 240 ($3.10) price target on shares of Tesco PLC in a report on Wednesday, June 7th. Finally, HSBC Holdings plc lowered their price target on Tesco PLC from GBX 260 ($3.36) to GBX 225 ($2.91) and set a buy rating for the company in a report on Tuesday, June 20th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Tesco PLC has a consensus rating of Hold and an average price target of GBX 192.25 ($2.49).
Tesco PLC (LON:TSCO) opened at 181.10 on Tuesday. Tesco PLC has a 12-month low of GBX 160.65 and a 12-month high of GBX 219.40. The stock’s market capitalization is GBX 14.77 billion. The firm has a 50-day moving average of GBX 176.76 and a 200-day moving average of GBX 181.90.
In related news, insider John Allan purchased 20,000 shares of Tesco PLC stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average cost of GBX 171 ($2.21) per share, with a total value of £34,200 ($44,231.76). Insiders have purchased 20,234 shares of company stock valued at $3,461,414 over the last three months.
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 and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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