Jefferies Group reissued their hold rating on shares of Tesco PLC (LON:TSCO) in a report released on Thursday morning. The brokerage currently has a GBX 185 ($2.29) price target on the retailer’s stock.
Other research analysts have also issued reports about the company. HSBC reiterated a buy rating and set a GBX 275 ($3.40) price objective on shares of Tesco PLC in a research note on Friday, June 10th. Citigroup Inc. reiterated a buy rating on shares of Tesco PLC in a research note on Friday, June 17th. Morgan Stanley increased their price objective on Tesco PLC from GBX 160 ($1.98) to GBX 170 ($2.10) and gave the stock an equal weight rating in a research note on Wednesday, September 14th. Deutsche Bank AG reiterated a hold rating and set a GBX 195 ($2.41) price objective on shares of Tesco PLC in a research note on Friday, June 24th. Finally, Shore Capital reiterated a hold rating on shares of Tesco PLC in a research note on Thursday, June 23rd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 193.16 ($2.39).
Shares of Tesco PLC (LON:TSCO) opened at 200.0928 on Thursday. The firm’s 50-day moving average is GBX 174.98 and its 200-day moving average is GBX 169.39. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 214.85. The stock’s market capitalization is GBX 16.27 billion.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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