Berenberg Bank upgraded shares of Tesco (OTCMKTS:TSCDY) from a hold rating to a buy rating in a research report report published on Friday morning, The Fly reports.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Tesco from a hold rating to a buy rating and set a $9.75 target price for the company in a research report on Thursday, March 22nd. Jefferies Group upgraded Tesco from a hold rating to a buy rating in a research report on Monday, March 5th. ValuEngine lowered Tesco from a buy rating to a hold rating in a research report on Monday, April 2nd. Finally, Barclays restated an overweight rating on shares of Tesco in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Tesco presently has a consensus rating of Buy and an average target price of $9.50.
Shares of Tesco stock traded up $0.10 during trading on Friday, hitting $8.59. 230,172 shares of the company were exchanged, compared to its average volume of 317,442. The firm has a market capitalization of $23,196.17, a P/E ratio of 31.81, a PEG ratio of 1.10 and a beta of 0.50. Tesco has a 1-year low of $6.34 and a 1-year high of $9.03.
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Tesco Company Profile
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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