Tesco PLC’s (TSCO) Buy Rating Reiterated at Deutsche Bank AG

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.

12 Month Chart for LON:TSCO

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