Tesco PLC (NASDAQ:TSCDY) Earns Hold Rating from Analysts at Berenberg Bank
Stock analysts at Berenberg Bank started coverage on shares of Tesco PLC (NASDAQ:TSCDY) in a research report issued on Tuesday, October 3rd, MarketBeat Ratings reports. The firm set a “hold” rating on the stock.
Other research analysts also recently issued research reports about the company. BNP Paribas downgraded Tesco PLC from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 13th. Zacks Investment Research upgraded Tesco PLC from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.50.
Tesco PLC (NASDAQ:TSCDY) traded up 0.064% during trading on Tuesday, reaching $7.445. 44,724 shares of the company’s stock traded hands. The firm has a market cap of $20.25 billion and a price-to-earnings ratio of 22.357. The company has a 50 day moving average of $7.42 and a 200 day moving average of $7.07. Tesco PLC has a one year low of $6.34 and a one year high of $8.24.
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Tesco PLC 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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