Tesco PLC (TSCO) Receives GBX 241.71 Consensus Target Price from Analysts

Tesco PLC (LON:TSCO) has earned an average recommendation of “Buy” from the seventeen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 254.08 ($3.31).

Several equities research analysts have commented on TSCO shares. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, September 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 295 ($3.84) target price on shares of Tesco in a research note on Monday. HSBC reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, July 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 260 ($3.39) target price on shares of Tesco in a research note on Friday, June 15th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tesco in a research note on Monday, June 18th.

LON TSCO traded up GBX 0.80 ($0.01) during trading hours on Wednesday, hitting GBX 235.10 ($3.06). The company’s stock had a trading volume of 17,356,412 shares, compared to its average volume of 45,150,000. Tesco has a twelve month low of GBX 165.35 ($2.15) and a twelve month high of GBX 217.31 ($2.83).

Tesco Company Profile

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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Analyst Recommendations for Tesco (LON:TSCO)

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