Tesco (LON:TSCO) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their buy rating on shares of Tesco (LON:TSCO) in a report published on Thursday, January 11th.

Several other brokerages also recently issued reports on TSCO. Deutsche Bank restated a buy rating and issued a GBX 240 ($3.37) price objective on shares of Tesco in a research note on Monday, January 8th. Goldman Sachs Group restated a top pick rating and issued a GBX 220 ($3.09) price objective on shares of Tesco in a research note on Thursday, January 4th. Jefferies Group restated a hold rating and issued a GBX 185 ($2.60) price objective on shares of Tesco in a research note on Tuesday, January 2nd. Berenberg Bank restated a hold rating and issued a GBX 190 ($2.67) price objective on shares of Tesco in a research note on Friday, November 24th. Finally, Kepler Capital Markets restated a hold rating and issued a GBX 189 ($2.65) price objective on shares of Tesco in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Tesco has an average rating of Hold and a consensus target price of GBX 204 ($2.86).

Shares of Tesco (LON:TSCO) traded down GBX 4.10 ($0.06) during mid-day trading on Thursday, reaching GBX 202.20 ($2.84). The company’s stock had a trading volume of 25,177,660 shares, compared to its average volume of 19,520,000. The firm has a market capitalization of $16,670.00 and a P/E ratio of 3,370.00. 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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