Tesco PLC (OTCMKTS:TSCDY) Receives Average Rating of “Buy” from Brokerages

Shares of Tesco PLC (OTCMKTS:TSCDYGet Rating) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $320.00.

A number of analysts have issued reports on the company. Kepler Capital Markets raised Tesco from a “hold” rating to a “buy” rating in a research report on Wednesday, February 2nd. Berenberg Bank decreased their target price on Tesco from GBX 327 ($4.25) to GBX 320 ($4.16) in a research report on Tuesday, April 19th. Finally, Zacks Investment Research downgraded Tesco from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th.

OTCMKTS:TSCDY opened at $10.13 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.62. The business has a fifty day simple moving average of $10.98 and a two-hundred day simple moving average of $11.43. Tesco has a 1 year low of $9.13 and a 1 year high of $12.47.

Tesco Company Profile (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through operating stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food wholesaling activities.

Further Reading

Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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