Reaffirmed: Tesco (LON:TSCO) “Hold” Rating Reconfirmed at Kepler Cheuvreux; GBX 176 Target in Place

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Tesco (LON:TSCO) Rating Reaffirmed

Kepler Cheuvreux now has a GBX 176 target price on the 13.73B GBP market cap company or 4.64% upside potential. In a comprehensive report issued to clients on Monday, 30 November, Tesco (LON:TSCO) shares have had their “Hold” Rating kept steady by analysts at Kepler Cheuvreux.

From a total of 22 analysts covering Tesco PLC (LON:TSCO) stock, 6 rate it a ”Buy”, 4 a “Sell”, and 12 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 285 while the lowest target price is GBX 150. The mean of all analyst targets is GBX 208.78 with a 23.76% above today’s (GBX 168.7) stock price. Tesco PLC was the topic of 66 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on November 26 with “Outperform” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 155 target share price in a report from a November 11. Societe Generale maintained TSCO stock in a recent report from November 18 with “Hold” rating. BNP Paribas maintained the rating on November 10. BNP Paribas has a “Outperform” rating and a GBX 230 price target on shares. Finally, Citigroup upgraded the stock to “Buy” rating in a report issued on a November 17.

Approximately 4.11 million shares of stock traded hands. Tesco PLC (LON:TSCO) has declined 24.82% since May 1, 2015 and is downtrending. It has underperformed by 23.93% the S&P500.

Reaffirmed: Tesco (LON:TSCO)

Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The company has a market cap of 13.73 billion GBP. The Firm operates in four divisions: UK, Asia, Europe and Tesco Bank. It currently has negative earnings. It has retailing and associated activities activities across the United Kingdom, Asia and Europe.

According to Zacks Investment Research, “Tractor Supply Company is a specialty retailer which supplies the daily farming and maintenance needs of its target customers: hobby, part-time and full-time farmers and ranchers, as well as rural customers, contractors and tradesmen.” Get a free copy of the Zacks research report on Tesco PLC (TSCO)

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