Tesco PLC (TSCO) Earns “Buy” Rating from Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Tesco PLC (LON:TSCO) in a report issued on Thursday morning. The firm currently has a GBX 240 ($3.18) target price on the retailer’s stock.

TSCO has been the topic of several other reports. HSBC Holdings plc reissued a buy rating and set a GBX 260 ($3.45) price target on shares of Tesco PLC in a research note on Wednesday, June 7th. Credit Suisse Group reissued an underperform rating and set a GBX 145 ($1.92) price target on shares of Tesco PLC in a research note on Tuesday, August 29th. Shore Capital reissued a hold rating on shares of Tesco PLC in a research note on Tuesday, August 22nd. Finally, Beaufort Securities reissued a buy rating and set a GBX 210 ($2.79) price target on shares of Tesco PLC in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 191.94 ($2.55).

Tesco PLC (LON TSCO) opened at 188.40 on Thursday. The firm has a 50-day moving average of GBX 184.34 and a 200 day moving average of GBX 180.52. Tesco PLC has a 12 month low of GBX 165.35 and a 12 month high of GBX 219.40. The firm’s market capitalization is GBX 15.37 billion.

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In other news, insider John Allan bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average cost of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70). Over the last ninety days, insiders purchased 20,230 shares of company stock worth $3,781,355.

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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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