Tesco PLC (TSCO) Stock Price Up 1.8%
Shares of Tesco PLC (LON:TSCO) traded up 1.8% during trading on Tuesday . The stock traded as high as GBX 190.65 ($2.53) and last traded at GBX 190.05 ($2.52). Approximately 27,430,139 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 22,379,100 shares. The stock had previously closed at GBX 186.65 ($2.48).
TSCO has been the topic of several recent analyst reports. Berenberg Bank initiated coverage on shares of Tesco PLC in a report on Tuesday. They set a “hold” rating and a GBX 180 ($2.39) price objective on the stock. Beaufort Securities reissued a “buy” rating and issued a GBX 210 ($2.79) target price on shares of Tesco PLC in a research report on Monday. Credit Suisse Group lowered their target price on shares of Tesco PLC from GBX 145 ($1.92) to GBX 140 ($1.86) and set an “underperform” rating for the company in a report on Monday. HSBC Holdings plc restated a “buy” rating and issued a GBX 225 ($2.98) target price on shares of Tesco PLC in a report on Monday. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.32) price target on shares of Tesco PLC in a research report on Monday. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Tesco PLC has an average rating of “Hold” and a consensus price target of GBX 191.94 ($2.55).
The firm’s market cap is GBX 15.50 billion. The stock has a 50 day moving average price of GBX 183.65 and a 200 day moving average price of GBX 180.44.
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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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