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Thursday, 18 April 2013

TESCO Stock Rating Price Target

TESCO Stock Rating Price Target : TESCO (LON: TSCO)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies International in a report released on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 440 ($6.75) target price on the stock.


TESCO (LON: TSCO) opened at 372.45 on Thursday. TESCO has a 52-week low of GBX 294.50 and a 52-week high of GBX 387.85. The stock’s 50-day moving average is currently GBX 334.2. The company’s market cap is £29.900 billion.

A number of other firms have also recently commented on TSCO. Analysts at JP Morgan Cazenove reiterated an “overweight” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 425 ($6.52) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 375 ($5.75) price target on the stock. Finally, analysts at Citigroup raised their price target on shares of TESCO from GBX 245 ($3.76) to GBX 285 ($4.37) in a research note to investors on Thursday. They now have a “sell” rating on the stock.

Seven research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 338.43 ($5.19).

Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.

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