Tesco PLC (LON:TSCO)’s share price was down 0.3% on Thursday . The company traded as low as GBX 185.40 ($2.44) and last traded at GBX 185.60 ($2.44). Approximately 18,017,582 shares changed hands during trading, a decline of 24% from the average daily volume of 23,553,600 shares. The stock had previously closed at GBX 186.20 ($2.45).
A number of equities research analysts recently commented on the stock. HSBC Holdings plc restated a “buy” rating and set a GBX 260 ($3.42) price objective on shares of Tesco PLC in a report on Wednesday, June 14th. Bryan, Garnier & Co restated a “sell” rating and set a GBX 170 ($2.24) price objective on shares of Tesco PLC in a report on Wednesday, June 14th. Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, June 14th. Deutsche Bank AG restated a “buy” rating and set a GBX 240 ($3.16) price objective on shares of Tesco PLC in a report on Wednesday, June 28th. Finally, Macquarie restated an “outperform” rating and set a GBX 250 ($3.29) price objective on shares of Tesco PLC in a report on Thursday, July 6th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 192.56 ($2.53).
The company’s market capitalization is GBX 15.14 billion. The company has a 50 day moving average of GBX 185.15 and a 200 day moving average of GBX 180.40.
The business also recently disclosed a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 12th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, October 12th. This represents a yield of 0.54%.
In related news, insider John Allan acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average price of GBX 187 ($2.46) per share, for a total transaction of £37,400 ($49,171.71). Insiders have purchased 20,304 shares of company stock valued at $3,795,341 in the last 90 days.
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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