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Tesco PLC 32.9% Potential Upside Indicated by HSBC

Tesco PLC with EPIC/TICKER (LON:TSCO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Tesco PLC are listed in the Consumer Services sector within UK Main Market. HSBC have set a target price of 265 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 32.9% from the opening price of 199.45 GBX. Over the last 30 and 90 trading days the company share price has increased 0.45 points and decreased 13.05 points respectively. The 52 week high for the share price is currently at 266.8 GBX while the year low stock price is currently 187.05 GBX.

Tesco PLC has a 50 day moving average of 205.66 GBX and a 200 day moving average of 235.15. There are currently 9,793,496,561 shares in issue with the average daily volume traded being 29,858,952. Market capitalisation for LON:TSCO is £19,489,058,156 GBP.