Tesco (LON:TSCO) Given New GBX 275 Price Target at HSBC
Tesco (LON:TSCO) had its target price raised by investment analysts at HSBC from GBX 265 ($3.46) to GBX 275 ($3.59) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the retailer’s stock. HSBC’s price target would indicate a potential upside of 19.83% from the company’s previous close.
TSCO has been the subject of several other reports. UBS Group restated a “buy” rating on shares of Tesco in a research report on Tuesday, February 19th. Jefferies Financial Group restated a “buy” rating and set a GBX 275 ($3.59) price target on shares of Tesco in a research report on Monday, June 3rd. Barclays restated an “overweight” rating on shares of Tesco in a research report on Monday, March 11th. BNP Paribas restated an “outperform” rating and set a GBX 275 ($3.59) price target (up from GBX 220 ($2.87)) on shares of Tesco in a research report on Wednesday, April 3rd. Finally, Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Tesco presently has a consensus rating of “Buy” and an average price target of GBX 279.80 ($3.66).
TSCO opened at GBX 229.50 ($3.00) on Wednesday. Tesco has a 52 week low of GBX 187.05 ($2.44) and a 52 week high of GBX 266.80 ($3.49). The firm has a market cap of $22.31 billion and a PE ratio of 16.88. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02.
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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