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.
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.
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