Tesco (TSCO) Earns “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a research report released on Tuesday morning.

TSCO has been the topic of a number of other reports. Barclays reissued an overweight rating and issued a GBX 280 ($3.65) price objective on shares of Tesco in a research report on Monday, September 10th. HSBC reissued a buy rating on shares of Tesco in a research report on Monday, August 13th. Jefferies Financial Group increased their price objective on shares of Tesco from GBX 260 ($3.39) to GBX 280 ($3.65) and gave the company a buy rating in a research report on Tuesday, September 18th. Berenberg Bank reissued a buy rating and issued a GBX 295 ($3.84) price objective on shares of Tesco in a research report on Monday, September 17th. Finally, Citigroup reissued a buy rating on shares of Tesco in a research report on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 263.38 ($3.43).

Shares of LON:TSCO opened at GBX 241.60 ($3.15) on Tuesday. Tesco has a 52 week low of GBX 165.35 ($2.15) and a 52 week 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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