Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reiterated a hold rating on shares of Tesco PLC in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Tesco PLC from a sell rating to a buy rating and set a $7.00 price objective for the company in a research report on Wednesday, June 15th. Citigroup Inc. reiterated a buy rating on shares of Tesco PLC in a research report on Friday, June 17th. Beaufort Securities reiterated a hold rating on shares of Tesco PLC in a research report on Saturday, June 25th. Finally, Societe Generale reiterated a sell rating on shares of Tesco PLC in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Tesco PLC presently has a consensus rating of Hold and a consensus target price of $7.75.
Tesco PLC (NASDAQ:TSCDY) traded down 2.39% during midday trading on Thursday, reaching $7.43. 36,014 shares of the company traded hands. The stock has a market capitalization of $20.14 billion and a P/E ratio of 112.58. The company has a 50 day moving average of $6.74 and a 200-day moving average of $6.96. Tesco PLC has a 12-month low of $6.00 and a 12-month high of $9.38.
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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