Shares of Tesco PLC (LON:TSCO) have been assigned an average rating of “Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 254.08 ($3.31).
Several equities research analysts have recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Wednesday. Barclays reissued an “overweight” rating and issued a GBX 280 ($3.65) price objective on shares of Tesco in a report on Monday, September 10th. HSBC reissued a “buy” rating on shares of Tesco in a report on Monday, August 13th. Finally, Berenberg Bank increased their price objective on Tesco from GBX 265 ($3.45) to GBX 295 ($3.84) and gave the company a “buy” rating in a report on Wednesday, June 20th.
TSCO stock opened at GBX 234.30 ($3.05) on Wednesday. Tesco has a twelve month low of GBX 165.35 ($2.15) and a twelve month high of GBX 217.31 ($2.83).
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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