Rating On Watch: HSBC Analyst Reaffirmed GBX 260.00 Price Target on Tesco (LON:TSCO) stock, While Reiterating Buy Rating

November 23, 2016 - By Dolores Ford

Tesco (LON:TSCO) Rating

The financial firm have set price target of GBX 260.00 on Tesco (LON:TSCO) shares. This is 19.82% from the close price. In a research note sent to investors and clients on 23 November, HSBC reaffirmed their Buy rating on shares of TSCO.

Tesco PLC (LON:TSCO) Ratings Coverage

Out of 25 analysts covering Tesco PLC (LON:TSCO), 7 rate it a “Buy”, 6 “Sell”, while 12 “Hold”. This means 28% are positive. GBX 285 is the highest target while GBX 115 is the lowest. The GBX 198.41 average target is -8.33% below today’s (GBX 216.45) stock price. Tesco PLC has been the topic of 201 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Shore Capital on Wednesday, August 31. The rating was maintained by Bryan Garnier & Cie on Monday, April 4 with “Neutral”. Goldman Sachs maintained the stock with “Sell” rating in Tuesday, August 23 report. The firm has “Buy” rating given on Friday, March 18 by HSBC. The stock of Tesco PLC (LON:TSCO) has “Sell” rating given on Wednesday, October 5 by Bryan Garnier & Cie. The stock has “Hold” rating given by Societe Generale on Thursday, January 14. The stock of Tesco PLC (LON:TSCO) has “Hold” rating given on Tuesday, September 15 by Kepler Cheuvreux. Deutsche Bank maintained Tesco PLC (LON:TSCO) on Thursday, June 2 with “Hold” rating. AlphaValue upgraded Tesco PLC (LON:TSCO) rating on Friday, August 14. AlphaValue has “Add” rating and GBX 217 price target. The company was maintained on Thursday, August 20 by Bernstein.

About 10.76M shares traded hands. Tesco PLC (LON:TSCO) has risen 18.38% since April 25, 2016 and is uptrending. It has outperformed by 13.05% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.30, from 1.19 in 2016Q1. The ratio dropped, 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.

Da Davidson And Company holds 0% or 785 shares in its portfolio. Prescott General Prtnrs Ltd Liability Corporation has 495,236 shares for 2.95% of their US portfolio. Trillium Asset Mngmt Ltd Llc accumulated 73,697 shares or 0.44% of the stock. Waldron Ltd Partnership last reported 0.09% of its portfolio in the stock. Asset Mngmt accumulated 0.08% or 51,290 shares. Sumitomo Mitsui Hldg has 0.06% invested in the company for 369,232 shares. Central State Bank And Trust last reported 1.36% of its portfolio in the stock. California Pub Employees Retirement last reported 0.05% of its portfolio in the stock. Kbc Group Inc Nv holds 20,317 shares or 0.03% of its portfolio. Laurion Capital Mgmt Lp owns 7,300 shares or 0.01% of their US portfolio. Nomura Asset Ltd has invested 0.04% of its portfolio in Tesco PLC (LON:TSCO). Mufg Americas Hldg Corp, a New York-based fund reported 77,791 shares. Alta Cap Lc, a Utah-based fund reported 168,856 shares. Motley Fool Wealth Management Limited Liability has 30,934 shares for 0.31% of their US portfolio. Stephens Inv Mgmt Gp Limited Liability Company holds 0.57% or 190,260 shares in its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 2 insider sales for $2.84 million net activity. Crudele Anthony F also sold $1.82 million worth of Tesco PLC (LON:TSCO) shares. Weikel Mark J also bought $66,136 worth of Tesco PLC (LON:TSCO) shares. Barbarick Steve K sold $1.09 million worth of stock.

Tesco PLC is a retail company. The company has a market cap of 17.69 billion GBP. The Firm is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. It has a 73.75 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.”

TSCO Company Profile

Tractor Supply Company, incorporated on December 2, 1982, is an operator of rural lifestyle retail stores in the United States. The Firm operates in the retail sale of products that support the rural lifestyle segment. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. It operates over 1,490 retail stores in over 50 states under the names Tractor Supply Company, Del’s Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name TractorSupply.com. The Company’s stores offer merchandise, which includes equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; work/recreational clothing and footwear, and maintenance products for agricultural and rural use.

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