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.

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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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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