A number of other analysts have also recently issued reports on the company. Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a research report on Wednesday, July 12th. Macquarie reaffirmed an outperform rating and issued a GBX 250 ($3.26) price objective on shares of Tesco PLC in a research report on Thursday, July 6th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 225 ($2.94) price objective on shares of Tesco PLC in a research report on Wednesday, June 28th. Bryan, Garnier & Co reaffirmed a sell rating and issued a GBX 170 ($2.22) price objective on shares of Tesco PLC in a research report on Tuesday, June 20th. Finally, Kepler Capital Markets cut their price objective on Tesco PLC from GBX 205 ($2.68) to GBX 189 ($2.47) and set a hold rating for the company in a research report on Friday, June 2nd. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 192.25 ($2.51).
Tesco PLC (LON:TSCO) opened at 173.90 on Thursday. The stock’s 50 day moving average price is GBX 178.60 and its 200-day moving average price is GBX 189.31. The firm’s market capitalization is GBX 14.18 billion. Tesco PLC has a one year low of GBX 153.00 and a one year high of GBX 219.40.
ILLEGAL ACTIVITY NOTICE: “Tesco PLC’s (TSCO) “Buy” Rating Reiterated at Deutsche Bank AG” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/07/18/tesco-plcs-tsco-buy-rating-reiterated-at-deutsche-bank-ag.html.
In other Tesco PLC news, insider Steve Golsby purchased 42,296 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were bought at an average price of GBX 176 ($2.30) per share, for a total transaction of £74,440.96 ($97,206.79). Also, insider John Allan purchased 20,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was acquired at an average price of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,659.18). In the last quarter, insiders bought 62,607 shares of company stock worth $10,919,282.
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.
What are top analysts saying about Tesco PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tesco PLC and related companies.