Tesco PLC’s (TSCO) “Buy” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Tesco PLC (LON:TSCO) in a research note issued to investors on Wednesday morning. Deutsche Bank AG currently has a GBX 240 ($3.13) price target on the retailer’s stock.
Several other equities analysts have also commented on the stock. HSBC Holdings plc restated a buy rating and set a GBX 225 ($2.93) price target on shares of Tesco PLC in a research report on Wednesday, July 19th. Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Wednesday, July 12th. Macquarie restated an outperform rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a research report on Thursday, July 6th. Bryan, Garnier & Co restated a sell rating and set a GBX 170 ($2.21) price target on shares of Tesco PLC in a research report on Tuesday, June 20th. Finally, Kepler Capital Markets lowered their price target on shares of Tesco PLC from GBX 205 ($2.67) to GBX 189 ($2.46) and set a hold rating for the company in a research report on Friday, June 2nd. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 192.25 ($2.50).
Shares of Tesco PLC (LON:TSCO) opened at 173.30 on Wednesday. The stock has a 50 day moving average of GBX 172.97 and a 200 day moving average of GBX 184.69. The firm’s market cap is GBX 14.13 billion. Tesco PLC has a 1-year low of GBX 153.00 and a 1-year high of GBX 219.40.
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In other Tesco PLC news, insider John Allan purchased 20,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was bought at an average cost of GBX 171 ($2.23) per share, with a total value of £34,200 ($44,554.46). Insiders acquired a total of 20,232 shares of company stock valued at $3,461,440 over the last three months.
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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