Tesco PLC (TSCO) Stock Price Down 3.2%
Shares of Tesco PLC (LON:TSCO) were down 3.2% during mid-day trading on Wednesday . The company traded as low as GBX 182.35 ($2.42) and last traded at GBX 183.95 ($2.44). Approximately 60,042,741 shares changed hands during trading, an increase of 155% from the average daily volume of 23,553,700 shares. The stock had previously closed at GBX 190.05 ($2.52).
A number of analysts have recently issued reports on TSCO shares. HSBC Holdings plc reissued a “buy” rating and set a GBX 225 ($2.98) target price on shares of Tesco PLC in a research note on Monday. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 145 ($1.92) target price on shares of Tesco PLC in a research note on Tuesday, August 29th. Kepler Capital Markets reissued a “hold” rating and set a GBX 189 ($2.51) target price on shares of Tesco PLC in a research note on Thursday, September 28th. Deutsche Bank AG reissued a “buy” rating and set a GBX 240 ($3.18) target price on shares of Tesco PLC in a research note on Friday, July 7th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 170 ($2.25) price objective on shares of Tesco PLC in a research note on Wednesday, June 14th. Seven investment 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 presently has a consensus rating of “Hold” and a consensus price target of GBX 191.94 ($2.55).
The company has a 50-day moving average price of GBX 184.23 and a 200 day moving average price of GBX 180.46. The stock’s market capitalization is GBX 15.24 billion.
In related news, insider John Allan acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average price of GBX 187 ($2.48) per share, for a total transaction of £37,400 ($49,608.70). Insiders bought a total of 20,230 shares of company stock valued at $3,781,355 in the last quarter.
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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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