Why Barclays Capital Has Just Restated Their “Overweight” Rating For Tesco PLC (LON:TSCO) Shares

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Investors sentiment decreased to 1 in 2019 Q1. Its down 0.02, from 1.02 in 2018Q4. It worsened, as 48 investors sold Tesco PLC shares while 186 reduced holdings. 76 funds opened positions while 158 raised stakes. 95.15 million shares or 3.31% less from 98.40 million shares in 2018Q4 were reported.

Jpmorgan Chase, New York-based fund reported 3.15M shares. Voloridge Inv Management Lc holds 27,251 shares or 0.08% of its portfolio. Woodstock holds 0.36% of its portfolio in Tesco PLC (LON:TSCO) for 20,394 shares. Columbia Asset Management holds 0.04% in Tesco PLC (LON:TSCO) or 1,365 shares. Camelot Portfolios holds 8,676 shares. 30,900 are held by 1832 Asset Mngmt L P. Tower Research Cap Ltd Liability Corp (Trc) has invested 0.02% in Tesco PLC (LON:TSCO). Nuwave Mngmt Ltd Llc invested in 347 shares or 0.04% of the stock. Champlain Investment Partners Ltd Co holds 1.39% or 1.63M shares in its portfolio. Moreover, Summit Asset Management Limited Liability has 0.2% invested in Tesco PLC (LON:TSCO) for 4,155 shares. Eqis Cap Mngmt Incorporated has invested 0.03% in Tesco PLC (LON:TSCO). 10,200 are held by New Mexico Educational Retirement Board. Perkins Coie Trust Co has 0.01% invested in Tesco PLC (LON:TSCO). Mckinley Carter Wealth Serv accumulated 22,748 shares. Menta Cap Ltd Com reported 10,400 shares stake.

Tesco PLC (LON:TSCO) Rating Reaffirmed

Tesco PLC (LON:TSCO) has had their stock rating reiterated as a solid “Overweight” by professional analysts at Barclays Capital. This was disclosed in a research report on Friday, 16 August.

Tesco PLC (LON:TSCO) Ratings Coverage

Among 3 analysts covering Tesco PLC (LON:TSCO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tesco PLC has GBX 315 highest and GBX 265 lowest target. GBX 290’s average target is 36.34% above currents GBX 212.7 stock price. Tesco PLC had 34 analyst reports since February 19, 2019 according to SRatingsIntel. The company was maintained on Tuesday, February 19 by UBS. The stock has “Buy” rating by Goldman Sachs on Wednesday, April 17. As per Wednesday, February 20, the company rating was maintained by Jefferies. The company was maintained on Thursday, May 30 by Deutsche Bank. On Tuesday, April 23 the stock rating was maintained by Deutsche Bank with “Buy”. HSBC maintained Tesco PLC (LON:TSCO) rating on Wednesday, June 12. HSBC has “Buy” rating and GBX 275 target. The stock has “Overweight” rating by JP Morgan on Thursday, April 11. On Thursday, March 7 the stock rating was maintained by Jefferies with “Buy”. On Tuesday, June 11 the stock rating was maintained by UBS with “Buy”. The stock of Tesco PLC (LON:TSCO) has “Buy” rating given on Friday, June 14 by Goldman Sachs.

The stock decreased 0.19% or GBX 0.4 during the last trading session, reaching GBX 212.7. About 2.47M shares traded. Tesco PLC (LON:TSCO) has 0.00% since August 16, 2018 and is . It has by 0.00% the S&P500.

Analysts await Tesco PLC (LON:TSCO) to report earnings on October, 24. They expect $1.05 earnings per share, up 10.53 % or $0.10 from last year’s $0.95 per share. TSCO’s profit will be $102.83M for 50.64 P/E if the $1.05 EPS becomes a reality. After $1.80 actual earnings per share reported by Tesco PLC for the previous quarter, Wall Street now forecasts -41.67 % negative EPS growth.

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company has market cap of 20.83 billion GBP. The firm also provides retail banking and insurance services. It has a 15.64 P/E ratio. It has activities in the United Kingdom, the Republic of Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally.

More notable recent Tesco PLC (LON:TSCO) news were published by: Finance.Yahoo.com which released: “Do Tesco PLC’s (LON:TSCO) Returns On Capital Employed Make The Cut? – Yahoo Finance” on May 16, 2019, also Finance.Yahoo.com with their article: “If You Like EPS Growth Then Check Out Tesco (LON:TSCO) Before It’s Too Late – Yahoo Finance” published on June 13, 2019, Finance.Yahoo.com published: “Does Tesco (LON:TSCO) Have A Healthy Balance Sheet? – Yahoo Finance” on July 25, 2019. More interesting news about Tesco PLC (LON:TSCO) were released by: Finance.Yahoo.com and their article: “Is Tractor Supply Company’s (NASDAQ:TSCO) Balance Sheet A Threat To Its Future? – Yahoo Finance” published on June 13, 2019 as well as Finance.Yahoo.com‘s news article titled: “Update: Tesco (LON:TSCO) Stock Gained 34% In The Last Three Years – Yahoo Finance” with publication date: May 30, 2019.

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