Berenberg Bank Raises Tesco PLC (LON:TSCO) Price Target to GBX 190

Tesco PLC (LON:TSCO) had its target price lifted by Berenberg Bank from GBX 180 ($2.39) to GBX 190 ($2.52) in a report issued on Monday, October 9th. The firm presently has a “hold” rating on the retailer’s stock. Berenberg Bank’s target price would suggest a potential upside of 0.58% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Deutsche Bank AG reissued a “buy” rating and set a GBX 240 ($3.19) price objective on shares of Tesco PLC in a research note on Friday, July 7th. HSBC Holdings plc reissued a “buy” rating and set a GBX 225 ($2.99) price objective on shares of Tesco PLC in a research note on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 192.56 ($2.56).

Shares of Tesco PLC (TSCO) opened at 188.90 on Monday. Tesco PLC has a 1-year low of GBX 165.35 and a 1-year high of GBX 219.40. The stock’s market capitalization is GBX 15.41 billion. The company has a 50-day moving average of GBX 185.57 and a 200-day moving average of GBX 180.36.

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In other Tesco PLC news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.48) per share, for a total transaction of £37,400 ($49,694.39). Insiders bought 20,225 shares of company stock worth $3,781,516 over the last quarter.

About Tesco PLC

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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