Today: The Tesco PLC’s (TSCO) Hold Rating Reiterated at Jefferies Group

The Tesco PLC’s (TSCO) Hold Rating Reiterated at Jefferies Group

Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group in a report released on Thursday. They presently have a GBX 185 ($2.41) price objective on the retailer’s stock. Jefferies Group’s price target suggests a potential downside of 8.05% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Societe Generale restated a “sell” rating and issued a GBX 130 ($1.70) target price on shares of Tesco PLC in a research report on Thursday. Beaufort Securities restated a “hold” rating on shares of Tesco PLC in a research report on Thursday. Shore Capital restated a “hold” rating on shares of Tesco PLC in a research report on Wednesday. Bryan, Garnier & Co restated a “sell” rating and issued a GBX 166 ($2.17) target price on shares of Tesco PLC in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 135 ($1.76) target price on shares of Tesco PLC in a research report on Monday. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 193.16 ($2.52).

Shares of Tesco PLC (LON:TSCO) traded down 0.35% during midday trading on Thursday, hitting GBX 201.20. The stock had a trading volume of 36,174,322 shares. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The firm’s market cap is GBX 16.36 billion. The company’s 50-day moving average price is GBX 173.37 and its 200-day moving average price is GBX 169.77.

10/07/tesco-plcs-tsco-hold-rating-reiterated-at-jefferies-group.html

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