Tesco PLC (TSCDY) Coverage Initiated at Berenberg Bank
Research analysts at Berenberg Bank began coverage on shares of Tesco PLC (NASDAQ:TSCDY) in a report issued on Tuesday. The firm set a “hold” rating on the stock.
A number of other brokerages have also issued reports on TSCDY. Zacks Investment Research raised Tesco PLC from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Thursday, September 28th. BNP Paribas lowered Tesco PLC from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Tesco PLC presently has an average rating of “Hold” and a consensus price target of $8.50.
Shares of Tesco PLC (NASDAQ:TSCDY) opened at 7.38 on Tuesday. Tesco PLC has a one year low of $6.34 and a one year high of $8.24. The stock’s market capitalization is $20.06 billion. The company has a 50-day moving average of $7.34 and a 200 day moving average of $7.05.
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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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