Credit Suisse Group reiterated their underperform rating on shares of Tesco PLC (LON:TSCO) in a research report sent to investors on Tuesday. The firm currently has a GBX 145 ($1.88) price target on the retailer’s stock.

Several other equities research analysts also recently issued reports on TSCO. Shore Capital restated a hold rating on shares of Tesco PLC in a report on Tuesday, August 22nd. Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.20) price target on shares of Tesco PLC in a report on Wednesday, June 14th. Deutsche Bank AG restated a buy rating and issued a GBX 240 ($3.10) price target on shares of Tesco PLC in a report on Wednesday, June 7th. Finally, HSBC Holdings plc lowered their price target on Tesco PLC from GBX 260 ($3.36) to GBX 225 ($2.91) and set a buy rating for the company in a report on Tuesday, June 20th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Tesco PLC has a consensus rating of Hold and an average price target of GBX 192.25 ($2.49).

Tesco PLC (LON:TSCO) opened at 181.10 on Tuesday. Tesco PLC has a 12-month low of GBX 160.65 and a 12-month high of GBX 219.40. The stock’s market capitalization is GBX 14.77 billion. The firm has a 50-day moving average of GBX 176.76 and a 200-day moving average of GBX 181.90.

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In related news, insider John Allan purchased 20,000 shares of Tesco PLC stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average cost of GBX 171 ($2.21) per share, with a total value of £34,200 ($44,231.76). Insiders have purchased 20,234 shares of company stock valued at $3,461,414 over the last three months.

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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