Barclays PLC Reaffirms “Overweight” Rating for Tesco PLC (TSCO)
Barclays PLC reissued their overweight rating on shares of Tesco PLC (LON:TSCO) in a research report report published on Wednesday. Barclays PLC currently has a GBX 215 ($2.86) price target on the retailer’s stock.
Other equities research analysts also recently issued reports about the company. BNP Paribas restated an outperform rating and set a GBX 200 ($2.66) price objective on shares of Tesco PLC in a report on Monday, June 27th. Deutsche Bank AG reiterated a hold rating and issued a GBX 195 ($2.60) price target on shares of Tesco PLC in a report on Wednesday, June 15th. Goldman Sachs Group Inc. reiterated a sell rating and issued a GBX 142 ($1.89) price target on shares of Tesco PLC in a report on Monday, June 27th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 115 ($1.53) price target on shares of Tesco PLC in a report on Monday, July 4th. Finally, Societe Generale lowered their price target on Tesco PLC from GBX 150 ($2.00) to GBX 130 ($1.73) and set a sell rating for the company in a report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 193.42 ($2.58).
Shares of Tesco PLC (LON:TSCO) opened at 174.35 on Wednesday. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 205.90. The firm’s market cap is GBX 14.17 billion. The firm has a 50-day moving average price of GBX 161.84 and a 200-day moving average price of GBX 170.28.
About Tesco PLC
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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