Tesco PLC (TSCO) Earns Hold Rating from Analysts at Berenberg Bank
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.
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