Berenberg Bank initiated coverage on shares of Tesco PLC (LON:TSCO) in a report released on Tuesday morning. The brokerage issued a hold rating and a GBX 180 ($2.39) price objective on the retailer’s stock.

A number of other research analysts have also recently weighed in on the company. Deutsche Bank AG reaffirmed a buy rating and set a GBX 240 ($3.18) price objective on shares of Tesco PLC in a research report on Tuesday, August 1st. HSBC Holdings plc reissued a buy rating and set a GBX 260 ($3.45) target price on shares of Tesco PLC in a research note on Wednesday, June 7th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 145 ($1.92) price objective on shares of Tesco PLC in a research note on Tuesday, August 29th. Finally, Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a research note on Tuesday, August 22nd. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 191.94 ($2.55).

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

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In other news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was acquired at an average cost of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70). Insiders bought 20,230 shares of company stock valued at $3,781,355 over the last ninety days.

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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