HSBC Holdings plc reaffirmed their buy rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Wednesday. The firm currently has a GBX 225 ($2.93) price target on the retailer’s stock.

A number of other research analysts have also recently issued reports on TSCO. Deutsche Bank AG reissued a buy rating and set a GBX 240 ($3.13) price target on shares of Tesco PLC in a research report on Wednesday. Kepler Capital Markets reissued a hold rating and set a GBX 205 ($2.67) price target on shares of Tesco PLC in a research report on Thursday, March 30th. Bryan, Garnier & Co reissued a sell rating and set a GBX 170 ($2.21) price target on shares of Tesco PLC in a research report on Wednesday, June 14th. Shore Capital reissued a hold rating on shares of Tesco PLC in a research report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) reissued a sell rating and set a GBX 150 ($1.95) price target on shares of Tesco PLC in a research report on Wednesday, April 12th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Tesco PLC presently has an average rating of Hold and an average target price of GBX 192.25 ($2.50).

Shares of Tesco PLC (LON TSCO) opened at 173.30 on Wednesday. The company has a 50 day moving average of GBX 172.97 and a 200-day moving average of GBX 184.69. The firm’s market cap is GBX 14.13 billion. Tesco PLC has a 12-month low of GBX 153.00 and a 12-month high of GBX 219.40.

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In other Tesco PLC news, insider John Allan bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was bought at an average cost of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,554.46). Insiders have purchased 20,232 shares of company stock valued at $3,461,440 over the last 90 days.

Tesco PLC Company Profile

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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