Insider Buying: Tesco PLC (TSCO) Insider Acquires 69 Shares of Stock
Tesco PLC (LON:TSCO) insider Alan Stewart purchased 69 shares of Tesco PLC stock in a transaction dated Friday, October 7th. The stock was bought at an average cost of GBX 199 ($2.46) per share, with a total value of £137.31 ($169.94).
Shares of Tesco PLC (LON:TSCO) traded up 0.94% during midday trading on Monday, hitting GBX 203.10. 26,844,085 shares of the stock traded hands. The firm’s 50 day moving average price is GBX 173.37 and its 200 day moving average price is GBX 169.77. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The company’s market capitalization is GBX 16.51 billion.
A number of analysts have recently issued reports on TSCO shares. Macquarie reissued an “outperform” rating and issued a GBX 250 ($3.09) price target on shares of Tesco PLC in a research report on Monday, September 19th. Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 166 ($2.05) price target on shares of Tesco PLC in a research report on Wednesday, October 5th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, August 31st. Deutsche Bank AG reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating on shares of Tesco PLC in a research report on Tuesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 193.16 ($2.39).
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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