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Shore Capital reiterated Tesco PLC (LON:TSCO) to Hold in a report released today.

Shore Capital has reiterated Tesco PLC (LON:TSCO) to Hold in a report released on 10/05/2016.

Previously on 10/03/2016, JP Morgan Cazenove reported about Tesco PLC (LON:TSCO) held steady the target price at 135.00GBX. At the time, this indicated a possible downside of -0.25%.

Yesterday Tesco PLC (LON:TSCO) traded -0.35% lower at 214.28GBX. The company’s 50-day moving average is 173.37GBX and its 200-day moving average is 169.77GBX. The last stock close price is up 18.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 36,174,322 shares of the stock were exchanged, up from an average trading volume of 26,402,100

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Tesco PLC has a 52 week low of 137.00GBX and a 52 week high of 214.85GBX with a P/E ratio of 118.40 The company’s market cap is currently 0 GBX.

In addition to Shore Capital reporting its target price, a total of 19 firms have issued a report on the stock. The consensus target price is 180.26GBX with three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, six equity analysts rating the company a hold, seven equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Tesco PLC (LON:TSCO)

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, Thailand and Turkey, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom. The Company's businesses include Tesco UK, Tesco in India, Tesco Malaysia, Tesco Lotus, Tesco Czech Republic, Tesco Hungary, Tesco Ireland, Tesco Poland, Tesco Slovakia, Tesco Kipa, Tesco in China, Tesco Bank and dunnhumby. The Company's brands include Finest, Everyday Value, Chokablok and Technika. Finest and Everyday Value are the two food brands in the United Kingdom.

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