Tesco (TSCO) Rating Reiterated by Shore Capital

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Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a report released on Wednesday, September 19th.

Several other equities analysts have also weighed in on TSCO. Sanford C. Bernstein lifted their price objective on Tesco from GBX 285 ($3.72) to GBX 290 ($3.79) and gave the company an “outperform” rating in a research note on Tuesday, May 22nd. Citigroup reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, June 6th. Deutsche Bank reaffirmed a “buy” rating on shares of Tesco in a research note on Friday, June 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 260 ($3.40) price target on shares of Tesco in a research report on Friday, June 15th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tesco in a research report on Monday, June 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 268 ($3.50).

Shares of LON TSCO traded down GBX 1.40 ($0.02) during midday trading on Wednesday, hitting GBX 216.90 ($2.83). The stock had a trading volume of 60,037,089 shares, compared to its average volume of 45,150,000. Tesco has a 1-year low of GBX 165.35 ($2.16) and a 1-year high of GBX 217.31 ($2.84).

In other Tesco news, insider Alan Stewart acquired 50,000 shares of the company’s stock in a transaction on Friday, October 5th. The shares were bought at an average cost of GBX 214 ($2.80) per share, for a total transaction of ¬£107,000 ($139,814.45). Insiders have acquired a total of 50,110 shares of company stock worth $10,727,584 over the last 90 days.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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