Tesco PLC (LON:TSCO) Given “Buy” Rating at Deutsche Bank AG

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).

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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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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