Tesco (TSCO) Receives Buy Rating from Shore Capital
Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research note issued on Thursday.
Other equities analysts have also issued reports about the company. BNP Paribas lowered Tesco to an “underperform” rating and set a GBX 165 ($2.24) target price for the company. in a report on Wednesday, September 13th. Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.39) target price on shares of Tesco in a report on Tuesday, September 26th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 240 ($3.25) target price on shares of Tesco in a report on Wednesday, September 20th. Jefferies Group boosted their price objective on Tesco from GBX 180 ($2.44) to GBX 185 ($2.51) and gave the stock a “hold” rating in a research report on Thursday, September 28th. Finally, Kepler Capital Markets reiterated a “hold” rating and set a GBX 189 ($2.56) price objective on shares of Tesco in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 203.38 ($2.76).
Tesco (TSCO) traded down GBX 8.40 ($0.11) during trading hours on Thursday, hitting GBX 203.50 ($2.76). The stock had a trading volume of 31,970,813 shares, compared to its average volume of 22,410,000. The company has a market capitalization of $16,630.00 and a price-to-earnings ratio of 3,391.67. Tesco has a 52 week low of GBX 165.35 ($2.24) and a 52 week high of GBX 217.10 ($2.94).
Tesco 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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