Shore Capital reaffirmed their hold rating on shares of Tesco PLC (LON:TSCO) in a report issued on Tuesday morning.
A number of other research analysts have also weighed in on TSCO. Deutsche Bank AG reissued a buy rating and issued a GBX 240 ($3.12) price objective on shares of Tesco PLC in a report on Thursday, May 4th. Macquarie reissued an outperform rating and issued a GBX 250 ($3.25) price objective on shares of Tesco PLC in a report on Friday, May 19th. Credit Suisse Group increased their price objective on Tesco PLC from GBX 140 ($1.82) to GBX 145 ($1.88) and gave the company an underperform rating in a report on Friday, May 26th. Jefferies Group LLC reissued a hold rating and issued a GBX 180 ($2.34) price objective on shares of Tesco PLC in a report on Tuesday, May 30th. Finally, Kepler Capital Markets cut their price objective on Tesco PLC from GBX 205 ($2.66) to GBX 189 ($2.45) and set a hold rating on the stock in a report on Friday, June 2nd. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Tesco PLC currently has a consensus rating of Hold and a consensus price target of GBX 192.25 ($2.50).
Tesco PLC (LON:TSCO) opened at 184.20 on Tuesday. The company’s market cap is GBX 15.02 billion. Tesco PLC has a 12-month low of GBX 160.65 and a 12-month high of GBX 219.40. The firm’s 50-day moving average is GBX 176.76 and its 200 day moving average is GBX 181.90.
In related news, insider John Allan bought 20,000 shares of the stock in a transaction dated Monday, June 19th. The shares were purchased at an average price of GBX 171 ($2.22) per share, for a total transaction of £34,200 ($44,398.29). Insiders bought 20,234 shares of company stock worth $3,461,414 in the last 90 days.
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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