Shares of Tesco PLC (LON:TSCO) shot up 0.7% on Tuesday . The company traded as high as GBX 203.80 ($2.82) and last traded at GBX 203.10 ($2.81). 19,885,854 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 23,810,000 shares. The stock had previously closed at GBX 201.60 ($2.79).
A number of research firms recently weighed in on TSCO. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, January 23rd. Goldman Sachs Group reiterated a “buy” rating on shares of Tesco in a report on Tuesday. Beaufort Securities reiterated a “hold” rating and issued a GBX 225 ($3.11) target price (up from GBX 210 ($2.90)) on shares of Tesco in a report on Monday, January 29th. Deutsche Bank reiterated a “buy” rating on shares of Tesco in a report on Tuesday, December 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 185 ($2.56) target price on shares of Tesco in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 204 ($2.82).
The firm has a market cap of $16,640.00 and a PE ratio of 3,385.33.
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.
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