Other research analysts also recently issued research reports about the company. HSBC reaffirmed a buy rating and set a GBX 275 ($3.40) price objective on shares of Tesco PLC in a research report on Friday, June 10th. Barclays PLC reaffirmed an overweight rating and set a GBX 215 ($2.66) price objective on shares of Tesco PLC in a research report on Wednesday, June 15th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 195 ($2.41) price objective on shares of Tesco PLC in a research report on Wednesday, June 15th. Societe Generale decreased their price objective on Tesco PLC from GBX 150 ($1.86) to GBX 130 ($1.61) and set a sell rating for the company in a research report on Friday, June 17th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Tesco PLC in a research report on Friday, June 17th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company presently 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 201.20 on Friday. The stock’s market capitalization is GBX 16.38 billion. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85. The company’s 50 day moving average price is GBX 177.21 and its 200 day moving average price is GBX 169.74.
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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