Tesco PLC (TSCO) Given Consensus Rating of “Hold” by Brokerages
Tesco PLC (LON:TSCO) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 189.40 ($2.52).
Several equities research analysts recently weighed in on the stock. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a report on Wednesday, October 4th. Berenberg Bank upped their price objective on shares of Tesco PLC from GBX 180 ($2.39) to GBX 190 ($2.52) and gave the stock a “hold” rating in a report on Monday, October 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 240 ($3.19) price objective on shares of Tesco PLC in a report on Thursday, September 28th. Jefferies Group LLC upped their price objective on shares of Tesco PLC from GBX 180 ($2.39) to GBX 185 ($2.46) and gave the stock a “hold” rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 189 ($2.51) price objective on shares of Tesco PLC in a report on Thursday, September 28th.
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Shares of Tesco PLC (LON TSCO) traded up 0.83% during mid-day trading on Friday, hitting GBX 188.90. 25,373,007 shares of the company traded hands. The firm’s market cap is GBX 15.41 billion. The firm has a 50-day moving average price of GBX 185.57 and a 200 day moving average price of GBX 180.36. Tesco PLC has a 52-week low of GBX 165.35 and a 52-week high of GBX 219.40.
The firm also recently announced a dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 12th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 0.54%.
In other Tesco PLC news, insider John Allan bought 20,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were bought at an average price of GBX 187 ($2.48) per share, for a total transaction of £37,400 ($49,694.39). Insiders bought a total of 20,225 shares of company stock worth $3,781,516 in the last quarter.
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.
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