Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research report issued on Wednesday, October 18th.
Other analysts also recently issued research reports about the stock. HSBC Holdings plc reaffirmed a “buy” rating on shares of Tesco PLC in a research note on Wednesday, September 6th. Beaufort Securities reaffirmed a “buy” rating and set a GBX 210 ($2.76) price target on shares of Tesco PLC in a research note on Monday, October 2nd. Finally, Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research note on Tuesday, August 22nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 195.93 ($2.58).
Shares of Tesco PLC (LON:TSCO) traded down GBX 2.55 ($0.03) during trading hours on Wednesday, hitting GBX 176.55 ($2.32). The company’s stock had a trading volume of 25,887,118 shares, compared to its average volume of 21,820,000. Tesco PLC has a fifty-two week low of GBX 165.35 ($2.17) and a fifty-two week high of GBX 219.40 ($2.89).
In related news, insider John Allan purchased 20,000 shares of Tesco PLC stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of GBX 187 ($2.46) per share, for a total transaction of £37,400 ($49,191.11). In the last quarter, insiders acquired 20,302 shares of company stock valued at $3,795,299.
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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