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Tesco PLC 20.6% Potential Upside Indicated by HSBC

Tesco PLC using EPIC/TICKER code (LON:TSCO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Tesco PLC are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 275 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 20.6% from the opening price of 228 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.8 points and decreased 1.1 points respectively. The 1 year high for the stock price is 266.8 GBX while the 52 week low is 187.05 GBX.

Tesco PLC has a 50 day moving average of 241.87 GBX and a 200 Day Moving Average share price is recorded at 225.84. There are currently 9,793,496,561 shares in issue with the average daily volume traded being 21,195,838. Market capitalisation for LON:TSCO is £22,329,172,159 GBP.