Beaufort Securities Reiterates “Hold” Rating for Tesco (TSCO)

Tesco (LON:TSCO)‘s stock had its “hold” rating restated by Beaufort Securities in a research report issued on Monday. They presently have a GBX 225 ($3.16) target price on the retailer’s stock, up from their previous target price of GBX 210 ($2.95). Beaufort Securities’ target price would suggest a potential upside of 7.45% from the stock’s current price.

TSCO has been the topic of a number of other reports. Macquarie restated an “outperform” rating and set a GBX 250 ($3.51) price target on shares of Tesco in a research report on Monday, October 2nd. Credit Suisse Group dropped their price target on shares of Tesco from GBX 145 ($2.04) to GBX 140 ($1.97) and set an “underperform” rating on the stock in a research report on Monday, October 2nd. Shore Capital restated a “hold” rating on shares of Tesco in a research report on Wednesday, October 4th. Deutsche Bank restated a “buy” rating and set a GBX 240 ($3.37) price target on shares of Tesco in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group upgraded shares of Tesco to a “buy” rating and boosted their price target for the stock from GBX 155 ($2.18) to GBX 220 ($3.09) in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 203.67 ($2.86).

Tesco (TSCO) opened at GBX 209.40 ($2.94) on Monday. The stock has a market cap of $17,150.00 and a PE ratio of 3,490.00. Tesco has a one year low of GBX 165.35 ($2.32) and a one year high of GBX 217.10 ($3.05).

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About Tesco

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.

Analyst Recommendations for Tesco (LON:TSCO)

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