Published On: Sat, Sep 17th, 2016

Tesco PLC’s (TSCO) Overweight Rating Reaffirmed at Barclays PLC

Tesco PLC (LON:TSCO)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays PLC in a note issued to investors on Wednesday. They presently have a GBX 215 ($2.86) price target on the retailer’s stock. Barclays PLC’s price target would suggest a potential upside of 26.99% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. HSBC reissued a “buy” rating and set a GBX 275 ($3.66) target price on shares of Tesco PLC in a research report on Friday, June 10th. Citigroup Inc. reissued a “buy” rating on shares of Tesco PLC in a research report on Friday, June 17th. Deutsche Bank AG reissued a “hold” rating and set a GBX 195 ($2.60) target price on shares of Tesco PLC in a research report on Wednesday, June 15th. Beaufort Securities reissued a “hold” rating on shares of Tesco PLC in a research report on Friday, June 24th. Finally, Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research report on Thursday, June 23rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 190.28 ($2.53).
Tesco PLC (LON:TSCO) opened at 169.30 on Wednesday. The company’s market capitalization is GBX 13.76 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 205.90. The stock’s 50 day moving average is GBX 161.84 and its 200 day moving average is GBX 170.28.

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About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).

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