Tesco PLC (TSCDY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Tesco PLC (OTCMKTS:TSCDY) have received a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Tesco from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Thursday, September 28th. Goldman Sachs Group upgraded shares of Tesco from a “sell” rating to a “buy” rating in a research note on Tuesday, December 5th. BNP Paribas lowered shares of Tesco from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 13th. Finally, Berenberg Bank assumed coverage on shares of Tesco in a research note on Tuesday, October 3rd. They issued a “hold” rating on the stock.
Shares of Tesco (OTCMKTS TSCDY) remained flat at $$8.54 on Monday. The company’s stock had a trading volume of 77,795 shares, compared to its average volume of 186,371. Tesco has a 1-year low of $6.34 and a 1-year high of $8.57. The company has a market cap of $23,380.00, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.61.
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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