Tesco (LON:TSCO) Rating Reaffirmed
In recent note issued to investors and clients this morning, Morgan Stanley reconfirmed their “Equalwt/In-Line” rating on Tesco (LON:TSCO) shares. The target implies a possible downside of -0.68% from firm’s close price.
From a total of 19 analysts covering Tesco PLC (LON:TSCO) stock, 6 rate it a ”Buy”, 5 a “Sell”, and 10 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 285 while the lowest target price is GBX 155. The mean of all analyst targets is GBX 211.16 with a 28.96% above today’s (GBX 161.9) stock price. Tesco PLC was the topic of 69 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Outperform” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 210 target share price in a report from a November 18. Bryan Garnier & Cie maintained TSCO stock in a recent report from November 30 with “Neutral” rating. Citigroup upgraded the rating on November 17. Citigroup has a “Buy” rating and a GBX 230 price target on shares. Finally, Societe Generale maintained the stock with “Hold” rating in a report issued on a November 18.
Approximately 5.85M shares of stock traded hands. Tesco PLC (LON:TSCO) has declined 28.95% since May 8, 2015 and is downtrending. It has underperformed by 27.87% the S&P500.
The overall sentiment of institutions has increased to 1.37 in Q2 2015. Its up 0.45, from 0.92 in 2015Q2. The ratio increased, as 28 institutions have sold all the shares of Tesco PLC that they owned while 166 funds have taken shares off the table. 64 funds have purchased shares for the first time while 202 added to their positions. These institutions now hold 108.66 million shares or 11.13% less than the 122.27 million shares they owned in 2015Q2.
The Fund Provident Investment Management Inc. currently is holding shares equating to 5.96% of its total portfolio in Tesco PLC representing a total of 337,411 shares. Another fund,Turtle Creek Asset Management Inc., is holding a total of 91,300 shares equating to 5.59% of their holdings. Additionally, Cim Llc has a 111,658 share stake in Tesco PLC which represents 4.75% of their total portfolio. The Fund, Thomas Story & Son Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 4.22% of their total portfolio. Finally Mitchell Capital Management Co, a fund which is based in the state of Kansas reported a total holdings of 127,012 shares.
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 13.23 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.
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