Macquarie reiterated their outperform rating on shares of Tesco PLC (LON:TSCO) in a research note released on Monday. They currently have a GBX 250 ($3.26) price objective on the retailer’s stock.

Other equities research analysts have also issued research reports about the stock. HSBC restated a buy rating and issued a GBX 275 ($3.59) target price on shares of Tesco PLC in a report on Friday, June 10th. Citigroup Inc. reiterated a buy rating on shares of Tesco PLC in a research note on Friday, June 17th. Barclays PLC reiterated an equal weight rating and issued a GBX 225 ($2.94) price objective on shares of Tesco PLC in a research note on Wednesday, June 1st. Morgan Stanley increased their price objective on shares of Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the company an equal weight rating in a research note on Wednesday, September 14th. Finally, Deutsche Bank AG reiterated a hold rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Friday, June 24th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 193.42 ($2.52).

Shares of Tesco PLC (LON:TSCO) opened at 178.549 on Monday. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 205.90. The company has a 50 day moving average price of GBX 162.56 and a 200 day moving average price of GBX 170.08. The company’s market capitalization is GBX 14.52 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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