Tesco’s (TSCO) “Buy” Rating Reiterated at UBS Group
UBS Group reaffirmed their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Tuesday, investing.thisismoney.co.uk reports.
A number of other brokerages have also recently issued reports on TSCO. Shore Capital reiterated a buy rating on shares of Tesco in a report on Wednesday, August 29th. Barclays reiterated an overweight rating and issued a GBX 280 ($3.66) target price on shares of Tesco in a report on Thursday, October 4th. Kepler Capital Markets reiterated a hold rating on shares of Tesco in a report on Thursday, November 8th. Sanford C. Bernstein reiterated an outperform rating on shares of Tesco in a report on Tuesday, November 13th. Finally, HSBC reiterated a buy rating on shares of Tesco in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Tesco has an average rating of Buy and a consensus target price of GBX 268 ($3.50).
Shares of TSCO opened at GBX 199.05 ($2.60) on Tuesday. Tesco has a 12-month low of GBX 165.35 ($2.16) and a 12-month high of GBX 217.31 ($2.84).
In related news, insider Alan Stewart purchased 50,000 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was acquired at an average cost of GBX 214 ($2.80) per share, with a total value of £107,000 ($139,814.45).
Tesco Company Profile
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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