Tesco PLC (TSCO) Receives Buy Rating from HSBC Holdings plc

HSBC Holdings plc reiterated their buy rating on shares of Tesco PLC (LON:TSCO) in a research report sent to investors on Wednesday morning. HSBC Holdings plc currently has a GBX 260 ($3.36) target price on the retailer’s stock.

Several other research firms have also commented on TSCO. Kepler Capital Markets reiterated a hold rating and issued a GBX 205 ($2.65) target price on shares of Tesco PLC in a research note on Thursday, March 30th. Beaufort Securities upgraded Tesco PLC to a buy rating in a research note on Wednesday, March 29th. BNP Paribas reissued an underperform rating and issued a GBX 180 ($2.33) price target on shares of Tesco PLC in a report on Friday, March 17th. Deutsche Bank AG reissued a buy rating and issued a GBX 240 ($3.10) price target on shares of Tesco PLC in a report on Wednesday, May 10th. Finally, Goldman Sachs Group Inc reissued a sell rating and issued a GBX 150 ($1.94) price target on shares of Tesco PLC in a report on Tuesday, April 18th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 194.44 ($2.51).

Shares of Tesco PLC (LON:TSCO) traded up 0.87% on Wednesday, hitting GBX 179.95. The stock had a trading volume of 19,318,265 shares. The stock’s market cap is GBX 14.67 billion. The firm has a 50 day moving average of GBX 181.05 and a 200 day moving average of GBX 193.49. Tesco PLC has a 12 month low of GBX 143.08 and a 12 month high of GBX 219.40.

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In related news, insider John Allan purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, April 12th. The stock was purchased at an average cost of GBX 186 ($2.40) per share, with a total value of £37,200 ($48,068.23). Also, insider Steve Golsby purchased 42,296 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was bought at an average cost of GBX 176 ($2.27) per share, with a total value of £74,440.96 ($96,189.38). Insiders acquired 62,524 shares of company stock worth $11,205,544 in the last 90 days.

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 and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:TSCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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