Tesco PLC’s (TSCO) “Buy” Rating Reaffirmed at Beaufort Securities
Beaufort Securities reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a research report released on Monday. Beaufort Securities currently has a GBX 210 ($2.79) price target on the retailer’s stock.
A number of other brokerages also recently weighed in on TSCO. Macquarie reiterated an outperform rating and issued a GBX 250 ($3.32) price target on shares of Tesco PLC in a research report on Thursday, July 6th. Deutsche Bank AG reissued a buy rating and set a GBX 240 ($3.18) price objective on shares of Tesco PLC in a research note on Friday, July 7th. HSBC Holdings plc restated a buy rating and set a GBX 225 ($2.98) price objective on shares of Tesco PLC in a report on Wednesday, July 19th. Shore Capital restated a hold rating on shares of Tesco PLC in a report on Wednesday, July 12th. Finally, Bryan, Garnier & Co reaffirmed a sell rating and issued a GBX 170 ($2.25) target price on shares of Tesco PLC in a research note on Tuesday, June 20th. Seven analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 191.94 ($2.55).
Tesco PLC (TSCO) opened at 188.60 on Monday. The firm’s market cap is GBX 15.38 billion. Tesco PLC has a 52 week low of GBX 165.35 and a 52 week high of GBX 219.40. The firm’s 50 day moving average price is GBX 183.48 and its 200-day moving average price is GBX 180.38.
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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