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 report issued on Thursday morning.

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.

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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.

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