Tesco PLC's (TSCO) "Buy" Rating Reaffirmed at HSBC Holdings plc

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The number of shares Tesco PLC now has in issue is 8,142,000,000, which have a value of 204.9 per share calculating Tesco PLC's market capitalisation to 16.68B GBP.

Shore Capital reaffirmed their hold rating on shares of Tesco PLC (LON:TSCO) in a research note released on Monday. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company.

Tesco PLC (LON:TSCO) had its target price cut by stock analysts at Jefferies Group from GBX 185 ($2.27) to GBX 180 ($2.21) in a research report issued on Thursday. They now have a GBX 260 ($3.24) target price on the retailer's stock. Finally, Societe Generale reiterated a sell rating and issued a GBX 167 ($2.08) target price on shares of Tesco PLC in a research note on Wednesday, November 2nd.

Following HSBC Securities's latest price target of 260 on the business this highlights that the broker now believes there is an increase of 26.89% from Tesco PLC's current share price of 204.9.

In addition to HSBC reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company.

Tesco PLC (LON:TSCO) opened at 204.75 on Thursday. The businesses 50 day moving average is 204.1 and its 200 day moving average is 188.82. Tesco PLC has a 12-month low of GBX 143.08 and a 12-month high of GBX 219.40. The company has a market capitalization of $21.06 billion and a price-to-earnings ratio of 41.06.

COPYRIGHT VIOLATION WARNING: This report was originally published by Marea Informative and is the property of of Marea Informative. If you are viewing this piece on another site, it was illegally stolen and republished in violation of US & global trademark and copyright law. 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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.