Tesco PLC (TSCO) Receives Buy Rating from Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Thursday. Deutsche Bank AG currently has a GBX 240 ($3.18) price objective on the retailer’s stock.
TSCO has been the topic of a number of other research reports. HSBC Holdings plc restated a buy rating and set a GBX 260 ($3.45) price target on shares of Tesco PLC in a report on Wednesday, June 7th. Credit Suisse Group AG restated an underperform rating and set a GBX 145 ($1.92) price target on shares of Tesco PLC in a report on Tuesday, August 29th. Shore Capital restated a hold rating on shares of Tesco PLC in a report on Tuesday, August 22nd. Finally, Beaufort Securities restated a buy rating and set a GBX 210 ($2.79) price target on shares of Tesco PLC in a report on Monday. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 191.94 ($2.55).
Tesco PLC (LON:TSCO) traded up 0.96% during midday trading on Thursday, reaching GBX 188.40. The company had a trading volume of 19,406,660 shares. Tesco PLC has a one year low of GBX 165.35 and a one year high of GBX 219.40. The company has a 50-day moving average price of GBX 184.34 and a 200-day moving average price of GBX 180.52. The stock’s market capitalization is GBX 15.37 billion.
In other Tesco PLC news, insider John Allan acquired 20,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70). Insiders purchased a total of 20,230 shares of company stock worth $3,781,355 over the last ninety 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.
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.