Deutsche Bank AG reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a report issued on Wednesday, May 10th, StockTargetPrices.com reports. They currently have a GBX 240 ($3.10) target price on the retailer’s stock.
Several other equities analysts also recently issued reports on TSCO. Shore Capital reissued a hold rating on shares of Tesco PLC in a research note on Tuesday, January 10th. Barclays PLC reissued an overweight rating and set a GBX 235 ($3.03) price objective on shares of Tesco PLC in a research note on Thursday, January 12th. Jefferies Group LLC reissued a hold rating and set a GBX 180 ($2.32) price objective on shares of Tesco PLC in a research note on Thursday, January 12th. Goldman Sachs Group Inc reissued a sell rating and set a GBX 150 ($1.94) price objective on shares of Tesco PLC in a research note on Friday, January 13th. Finally, Kepler Capital Markets initiated coverage on shares of Tesco PLC in a research note on Monday, January 16th. They set a hold rating and a GBX 205 ($2.65) price objective on the stock. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Tesco PLC presently has an average rating of Hold and a consensus target price of GBX 195.13 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 182.50 on Wednesday. The stock’s 50 day moving average is GBX 181.87 and its 200 day moving average is GBX 195.90. Tesco PLC has a 52-week low of GBX 143.08 and a 52-week high of GBX 219.40. The stock’s market cap is GBX 14.88 billion.
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In other news, insider Steve Golsby purchased 42,296 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was acquired at an average cost of GBX 176 ($2.27) per share, with a total value of £74,440.96 ($96,090.05). Also, insider John Allan purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were purchased at an average cost of GBX 186 ($2.40) per share, with a total value of £37,200 ($48,018.59). Over the last ninety days, insiders have purchased 62,520 shares of company stock valued at $11,205,464.
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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