Tesco PLC (TSCO) Earns Buy Rating from Beaufort Securities
Beaufort Securities reaffirmed their buy rating on shares of Tesco PLC (LON:TSCO) in a research report sent to investors on Monday morning. Beaufort Securities currently has a GBX 210 ($2.79) price objective on the retailer’s stock.
A number of other research analysts have also weighed in on the company. Credit Suisse Group AG cut their price objective on Tesco PLC from GBX 145 ($1.92) to GBX 140 ($1.86) and set an underperform rating on the stock in a report on Monday. HSBC Holdings plc reissued a buy rating and issued a GBX 225 ($2.98) price objective on shares of Tesco PLC in a report on Monday. Macquarie reissued an outperform rating and issued a GBX 250 ($3.32) price objective on shares of Tesco PLC in a report on Monday. Jefferies Group LLC increased their price objective on Tesco PLC from GBX 180 ($2.39) to GBX 185 ($2.45) and gave the company a hold rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets reaffirmed a hold rating and set a GBX 189 ($2.51) target price on shares of Tesco PLC in a report on Thursday, September 28th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Tesco PLC currently has an average rating of Hold and an average target price of GBX 191.94 ($2.55).
Tesco PLC (TSCO) opened at 187.25 on Monday. The firm has a 50-day moving average price of GBX 184.23 and a 200 day moving average price of GBX 180.46. The stock’s market capitalization is GBX 15.27 billion. Tesco PLC has a 12 month low of GBX 165.35 and a 12 month high of GBX 219.40.
In other Tesco PLC news, insider John Allan purchased 20,000 shares of the stock in a transaction on Thursday, October 5th. The shares were bought at an average price of GBX 187 ($2.48) per share, for a total transaction of £37,400 ($49,608.70). Over the last ninety days, insiders have purchased 20,230 shares of company stock worth $3,781,355.
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.
Receive News & Stock Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related stocks with our FREE daily email newsletter.