Tesco PLC (LON:TSCO) Rating
They currently have a GBX 185.00 price target on Tesco PLC (LON:TSCO). Exane BNP Paribas’s target would suggest a potential upside of 3.04% from the company’s last stock price. This was released in a research report on 29 September.
Out of 24 analysts covering Tesco (LON:TSCO), 8 rate it a “Buy”, 5 “Sell”, while 11 “Hold”. This means 33% are positive. GBX 285 is the highest target while GBX 115 is the lowest. The GBX 195.19 average target is 8.64% above today’s (GBX 179.66) stock price. Tesco has been the topic of 144 analyst reports since October 1, 2015 according to StockzIntelligence Inc. BNP Paribas maintained the stock on September 29 with “Outperform” rating. Macquarie Research maintained it with “Outperform” rating and GBX 250 target price in a September 19 report. Barclays Capital maintained the shares of TSCO in a report on September 22 with “Overweight” rating. Morgan Stanley maintained the firm’s rating on September 14. Morgan Stanley has “Equal Weight” rating and GBX 170 price target. Lastly, Jefferies maintained the stock with “Hold” rating in a September 21 report.
About 2.87 million shares traded hands. Tesco PLC (LON:TSCO) has declined 1.52% since February 29, 2016 and is downtrending. It has underperformed by 12.78% the S&P500.
Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on October, 19 after the close. They expect $0.72 EPS, up 12.50% or $0.08 from last year’s $0.64 per share. TSCO’s profit will be $96.56 million for 23.87 P/E if the $0.72 EPS becomes a reality. After $1.16 actual EPS reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts -37.93% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.24, from 0.95 in 2016Q1. The ratio increased, as 32 funds sold all Tesco PLC shares owned while 177 reduced positions. 56 funds bought stakes while 192 increased positions. They now own 117.30 million shares or 2.04% less from 119.74 million shares in 2016Q1.
Provident Investment Management Inc. holds 5.46% of its portfolio in Tesco PLC for 290,325 shares. Smith Thomas W owns 39,732 shares or 5.21% of their US portfolio. Moreover, Cim Llc has 5.02% invested in the company for 110,169 shares. The Illinois-based Thomas Story & Son Llc has invested 4.6% in the stock. Mitchell Capital Management Co, a Kansas-based fund reported 122,352 shares.
Tesco PLC is a retail company. The company has a market cap of 14.69 billion GBP. The Firm is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. It has a 65 P/E ratio. The Company’s divisions 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.
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.”
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