Tesco PLC’s (TSCO) Buy Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a research note released on Tuesday, StockTargetPrices.com reports.
Several other analysts have also commented on the stock. restated a buy rating and set a GBX 225 ($2.96) price target on shares of Tesco PLC in a research report on Wednesday, July 26th. Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Wednesday, November 1st. Credit Suisse Group raised their price target on shares of Tesco PLC from GBX 160 ($2.10) to GBX 165 ($2.17) and gave the company an underperform rating in a research report on Monday, October 30th. Berenberg Bank initiated coverage on shares of Tesco PLC in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 180 ($2.37) price target on the stock. Finally, BNP Paribas lowered shares of Tesco PLC to an underperform rating and set a GBX 165 ($2.17) price target on the stock. in a research report on Wednesday, September 13th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Tesco PLC has a consensus rating of Hold and an average price target of GBX 200.29 ($2.63).
Shares of Tesco PLC (LON TSCO) opened at GBX 192.60 ($2.53) on Tuesday. Tesco PLC has a 52-week low of GBX 165.35 ($2.17) and a 52-week high of GBX 219.40 ($2.89).
The business also recently disclosed a dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, October 12th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.54%. The ex-dividend date was Thursday, October 12th.
In related news, insider John Allan acquired 20,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,191.11). Over the last ninety days, insiders have acquired 20,224 shares of company stock worth $3,781,493.
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About Tesco PLC
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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