Tesco PLC (LON:TSCO) Given “Buy” Rating 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 Tuesday, August 1st, StockTargetPrices.com reports. Deutsche Bank AG currently has a GBX 240 ($3.12) target price on the retailer’s stock.

A number of other equities research analysts have also issued reports on the company. Macquarie restated an outperform rating and issued a GBX 250 ($3.25) price target on shares of Tesco PLC in a research report on Friday, May 19th. HSBC Holdings plc restated a buy rating and issued a GBX 260 ($3.38) price target on shares of Tesco PLC in a research report on Friday, April 7th. Goldman Sachs Group, Inc. (The) restated a sell rating and issued a GBX 150 ($1.95) price target on shares of Tesco PLC in a research report on Tuesday, April 18th. Credit Suisse Group restated an underperform rating and issued a GBX 140 ($1.82) price target (down from GBX 160 ($2.08)) on shares of Tesco PLC in a research report on Tuesday, April 18th. Finally, Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.21) price target on shares of Tesco PLC in a research report on Thursday, April 13th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Tesco PLC presently has a consensus rating of Hold and an average target price of GBX 192.25 ($2.50).

Tesco PLC (TSCO) traded down 1.29% during mid-day trading on Tuesday, hitting GBX 176.55. The company had a trading volume of 18,487,431 shares. The company has a 50-day moving average price of GBX 174.70 and a 200 day moving average price of GBX 182.41. Tesco PLC has a 12 month low of GBX 158.40 and a 12 month high of GBX 219.40. The firm’s market capitalization is GBX 14.40 billion.

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In other Tesco PLC news, insider John Allan acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was bought at an average cost of GBX 171 ($2.22) per share, for a total transaction of £34,200 ($44,398.29). Insiders purchased 20,234 shares of company stock valued at $3,461,414 over the last quarter.

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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