Tesco (LON:TSCO) Rating Reaffirmed
The brokerage firm has just set a Estimated Target Price of GBX 275.00 on Tesco (LON:TSCO) shares. This is 87.14% from the current stock price. In a recent research report issued to clients and investors on 16 December, HSBC reaffirmed their “Buy” rating on shares of TSCO.
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 206.16 with a 38.84% above today’s (GBX 147.2) stock price. Tesco PLC was the topic of 71 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on December 7 with “Equalwt/In-Line” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 210 target share price in a report from a November 18. Bernstein maintained TSCO stock in a recent report from December 4 with “Outperform” rating. Societe Generale maintained the rating on November 18. Societe Generale has a “Hold” rating and a GBX 215 price target on shares. Finally, Bryan Garnier & Cie maintained the stock with “Neutral” rating in a report issued on a November 30.
Approximately 7.78 million shares of stock traded hands. Tesco PLC (LON:TSCO) has declined 32.49% since May 19, 2015 and is downtrending. It has underperformed by 29.86% 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 11.48 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.”