Shore Capital Reiterates Hold Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reissued by stock analysts at Shore Capital in a research report issued on Wednesday.
Other equities analysts have also recently issued research reports about the company. HSBC Holdings plc restated a “buy” rating on shares of Tesco PLC in a research report on Wednesday, September 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 240 ($3.17) price target on shares of Tesco PLC in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 195.93 ($2.59).
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In other news, insider John Allan purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were acquired at an average price of GBX 187 ($2.47) per share, with a total value of £37,400 ($49,353.39). Insiders have bought a total of 20,225 shares of company stock worth $3,781,516 in the last three months.
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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