Shares of Tesco PLC (LON:TSCO) dropped 0% during trading on Wednesday . The company traded as low as GBX 190.20 ($2.50) and last traded at GBX 183.65 ($2.42). Approximately 61,719,617 shares were traded during mid-day trading, an increase of 169% from the average daily volume of 22,940,000 shares. The stock had previously closed at GBX 183.65 ($2.42).

TSCO has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 240 ($3.16) target price on shares of Tesco PLC in a research report on Wednesday, July 26th. reaffirmed a “buy” rating and issued a GBX 225 ($2.96) target price on shares of Tesco PLC in a research report on Wednesday, July 26th. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research report on Tuesday, August 22nd. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 145 ($1.91) target price on shares of Tesco PLC in a research report on Tuesday, August 29th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 170 ($2.24) target price on shares of Tesco PLC in a research report on Tuesday, September 12th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Tesco PLC has a consensus rating of “Hold” and a consensus price target of GBX 195.93 ($2.58).

The company also recently disclosed a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 12th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a yield of 0.54%.

In other news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average price of GBX 187 ($2.46) per share, for a total transaction of £37,400 ($49,191.11). In the last quarter, insiders purchased 20,224 shares of company stock worth $3,781,493.

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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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