Tesco (OTCMKTS:TSCDY) Hits New 1-Year Low at $7.53

Tesco PLC (OTCMKTS:TSCDYGet Rating) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.53 and last traded at $7.54, with a volume of 295643 shares changing hands. The stock had previously closed at $7.61.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Tesco from GBX 330 ($3.99) to GBX 320 ($3.87) in a report on Tuesday, August 30th. Jefferies Financial Group lowered Tesco from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Tesco presently has an average rating of “Moderate Buy” and an average target price of $320.00.

Tesco Trading Up 0.9 %

The company has a fifty day moving average price of $9.01 and a two-hundred day moving average price of $9.68. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43.

Tesco Company Profile

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Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.

Further Reading

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