Tesco PLC (LON:TSCO) Earns Buy Rating from HSBC Holdings plc
HSBC Holdings plc reaffirmed their buy rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Wednesday. The firm currently has a GBX 225 ($2.93) price target on the retailer’s stock.
A number of other research analysts have also recently issued reports on TSCO. Deutsche Bank AG reissued a buy rating and set a GBX 240 ($3.13) price target on shares of Tesco PLC in a research report on Wednesday. Kepler Capital Markets reissued a hold rating and set a GBX 205 ($2.67) price target on shares of Tesco PLC in a research report on Thursday, March 30th. Bryan, Garnier & Co reissued a sell rating and set a GBX 170 ($2.21) price target on shares of Tesco PLC in a research report on Wednesday, June 14th. Shore Capital reissued a hold rating on shares of Tesco PLC in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 150 ($1.95) price target on shares of Tesco PLC in a research report on Wednesday, April 12th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Tesco PLC presently has an average rating of Hold and an average target price of GBX 192.25 ($2.50).
Shares of Tesco PLC (LON TSCO) opened at 173.30 on Wednesday. The company has a 50 day moving average of GBX 172.97 and a 200-day moving average of GBX 184.69. The firm’s market cap is GBX 14.13 billion. Tesco PLC has a 12-month low of GBX 153.00 and a 12-month high of GBX 219.40.
In other Tesco PLC news, insider John Allan bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was bought at an average cost of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,554.46). Insiders have purchased 20,232 shares of company stock valued at $3,461,440 over the last 90 days.
Tesco PLC Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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