Tesco PLC’s (TSCO) Sell Rating Reiterated at Bryan, Garnier & Co

Bryan, Garnier & Co reissued their sell rating on shares of Tesco PLC (LON:TSCO) in a report released on Tuesday morning, StockTargetPrices.com reports. The firm currently has a GBX 170 ($2.17) target price on the retailer’s stock.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank AG restated a buy rating and set a GBX 240 ($3.06) target price on shares of Tesco PLC in a research note on Thursday, May 4th. HSBC Holdings plc restated a buy rating and set a GBX 260 ($3.31) target price on shares of Tesco PLC in a research note on Wednesday, March 22nd. Credit Suisse Group restated an underperform rating and set a GBX 160 ($2.04) target price on shares of Tesco PLC in a research note on Monday, March 20th. Goldman Sachs Group, Inc. (The) restated a sell rating and set a GBX 150 ($1.91) target price on shares of Tesco PLC in a research note on Tuesday, April 18th. Finally, Macquarie restated an outperform rating and set a GBX 250 ($3.19) target price on shares of Tesco PLC in a research note on Friday, May 19th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 192.25 ($2.45).

Analyst Recommendations for Tesco PLC (LON:TSCO)

Tesco PLC (TSCO) opened at 166.55 on Tuesday. The firm’s market cap is GBX 13.58 billion. Tesco PLC has a 12-month low of GBX 143.08 and a 12-month high of GBX 219.40. The stock’s 50 day moving average is GBX 180.73 and its 200 day moving average is GBX 191.21.

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In other news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction on Wednesday, April 12th. The stock was bought at an average cost of GBX 186 ($2.37) per share, for a total transaction of £37,200 ($47,394.57). Also, insider Steve Golsby purchased 42,296 shares of the company’s stock in a transaction on Monday, April 24th. The shares were purchased at an average price of GBX 176 ($2.24) per share, with a total value of £74,440.96 ($94,841.33). Insiders have acquired 82,528 shares of company stock valued at $14,625,457 over 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.

Stock Target Prices

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