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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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