Tesco PLC (LON:TSCO) Receives Average Recommendation of “Hold” from Analysts
Shares of Tesco PLC (LON:TSCO) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are covering the firm. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 198.20 ($2.59).
A number of analysts have recently weighed in on TSCO shares. BNP Paribas restated an “outperform” rating and issued a GBX 185 ($2.41) target price on shares of Tesco PLC in a report on Wednesday, September 14th. Macquarie restated an “outperform” rating and issued a GBX 250 ($3.26) target price on shares of Tesco PLC in a report on Monday. Deutsche Bank AG restated a “hold” rating and issued a GBX 195 ($2.55) target price on shares of Tesco PLC in a report on Tuesday, May 31st. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 135 ($1.76) target price on shares of Tesco PLC in a report on Thursday, September 8th. Finally, HSBC reaffirmed a “buy” rating and set a GBX 275 ($3.59) price target on shares of Tesco PLC in a research note on Wednesday, June 1st.
Tesco PLC (LON:TSCO) traded up 4.19% during trading on Monday, reaching GBX 176.40. 30,034,670 shares of the company were exchanged. The company’s 50-day moving average price is GBX 162.56 and its 200-day moving average price is GBX 170.08. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 205.90. The stock’s market capitalization is GBX 14.34 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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