Shares of Tesco PLC (LON:TSCO) fell 0% during trading on Thursday . The stock traded as low as GBX 200.60 ($2.72) and last traded at GBX 201.30 ($2.73). 52,780,000 shares changed hands during trading, an increase of 136% from the average session volume of 22,410,000 shares. The stock had previously closed at GBX 201.30 ($2.73).
A number of brokerages recently issued reports on TSCO. Shore Capital reiterated a “buy” rating on shares of Tesco in a report on Thursday. Deutsche Bank reiterated a “buy” rating and issued a GBX 240 ($3.25) target price on shares of Tesco in a report on Monday. Goldman Sachs Group reiterated a “top pick” rating and issued a GBX 220 ($2.98) target price on shares of Tesco in a report on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a GBX 185 ($2.51) target price on shares of Tesco in a report on Tuesday, January 2nd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 190 ($2.58) target price on shares of Tesco in a report on Friday, November 24th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 203.38 ($2.76).
The firm has a market cap of $16,490.00 and a P/E ratio of 3,371.67.
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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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