Tesco PLC (TSCO) Stock Rating Reaffirmed by Macquarie
Tesco PLC (LON:TSCO)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research note issued to investors on Monday. They currently have a GBX 250 ($3.32) target price on the retailer’s stock. Macquarie’s price objective indicates a potential upside of 31.54% from the stock’s current price.
A number of other research firms have also recently weighed in on TSCO. Deutsche Bank AG reissued a “buy” rating and issued a GBX 240 ($3.18) price objective on shares of Tesco PLC in a research report on Thursday, September 28th. Jefferies Group LLC raised their target price on Tesco PLC from GBX 180 ($2.39) to GBX 185 ($2.45) and gave the company a “hold” rating in a research note on Thursday, September 28th. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 189 ($2.51) target price on shares of Tesco PLC in a research report on Thursday, September 28th. Bryan, Garnier & Co reaffirmed a “sell” rating and set a GBX 170 ($2.25) target price on shares of Tesco PLC in a research report on Tuesday, September 12th. Finally, Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday, June 14th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Tesco PLC has a consensus rating of “Hold” and an average target price of GBX 191.94 ($2.55).
Tesco PLC (LON TSCO) opened at 186.80 on Monday. Tesco PLC has a one year low of GBX 165.35 and a one year high of GBX 219.40. The firm’s market cap is GBX 15.23 billion. The company has a 50 day moving average of GBX 183.86 and a 200-day moving average of GBX 180.39.
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About Tesco PLC
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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