Tesco PLC (TSCO) Rating Reiterated by HSBC Holdings plc
HSBC Holdings plc restated their buy rating on shares of Tesco PLC (LON:TSCO) in a report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 225 ($2.98) price target on the retailer’s stock.
A number of other equities analysts have also commented on the stock. Macquarie reaffirmed an outperform rating and issued a GBX 250 ($3.32) price objective on shares of Tesco PLC in a research note on Monday. Jefferies Group LLC raised their price objective on shares of Tesco PLC from GBX 180 ($2.39) to GBX 185 ($2.45) and gave the stock a hold rating in a research note on Thursday, September 28th. Kepler Capital Markets reaffirmed a hold rating and issued a GBX 189 ($2.51) price objective on shares of Tesco PLC in a research note on Thursday, September 28th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 240 ($3.18) price objective on shares of Tesco PLC in a research note on Thursday, September 28th. Finally, BNP Paribas lowered shares of Tesco PLC to an underperform rating and set a GBX 165 ($2.19) price objective for the company. in a research note on Wednesday, September 13th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Tesco PLC currently has a consensus rating of Hold and an average target price of GBX 191.94 ($2.55).
Tesco PLC (TSCO) opened at 187.25 on Monday. The firm’s 50 day moving average price is GBX 184.23 and its 200-day moving average price is GBX 180.46. The stock’s market cap is GBX 15.27 billion. Tesco PLC has a 52 week low of GBX 165.35 and a 52 week high of GBX 219.40.
COPYRIGHT VIOLATION WARNING: “Tesco PLC (TSCO) Rating Reiterated by HSBC Holdings plc” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/tesco-plc-tsco-rating-reiterated-by-hsbc-holdings-plc/1611668.html.
In related news, insider John Allan bought 20,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was bought at an average price of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70). Insiders have acquired a total of 20,230 shares of company stock valued at $3,781,355 in the last three months.
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.
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.