A number of other analysts have also weighed in on the stock. HSBC lowered shares of Tesco PLC from a buy rating to a hold rating in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Tesco PLC from a buy rating to a hold rating in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. restated a sell rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Wednesday, October 5th. Finally, Deutsche Bank AG restated a hold rating on shares of Tesco PLC in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded up 0.201% during mid-day trading on Friday, hitting $7.485. 14,553 shares of the company were exchanged. The company’s 50-day moving average is $6.77 and its 200 day moving average is $6.96. Tesco PLC has a 12-month low of $6.00 and a 12-month high of $9.32. The company has a market capitalization of $20.28 billion and a P/E ratio of 113.409.
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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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