Tesco PLC’s (TSCO) Buy Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Tesco PLC (LON:TSCO) in a research report sent to investors on Thursday morning. Deutsche Bank AG currently has a GBX 240 ($3.18) price target on the retailer’s stock.
Other analysts have also issued research reports about the stock. Credit Suisse Group decreased their target price on shares of 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, October 2nd. Shore Capital reaffirmed a hold rating on shares of Tesco PLC in a report on Wednesday, October 4th. Jefferies Group LLC upped their target price on shares of Tesco PLC from GBX 180 ($2.39) to GBX 185 ($2.45) and gave the stock a hold rating in a report on Thursday, September 28th. HSBC Holdings plc reaffirmed a buy rating and set a GBX 225 ($2.98) target price on shares of Tesco PLC in a report on Monday, October 2nd. Finally, Macquarie reaffirmed an outperform rating and set a GBX 250 ($3.32) target price on shares of Tesco PLC in a report on Monday, October 2nd. Seven 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. The company has an average rating of Hold and an average price target of GBX 191.94 ($2.55).
Tesco PLC (LON TSCO) opened at 188.40 on Thursday. The company’s market capitalization is GBX 15.37 billion. The stock’s 50 day moving average is GBX 184.34 and its 200 day moving average is GBX 180.52. Tesco PLC has a one year low of GBX 165.35 and a one year high of GBX 219.40.
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In related news, insider John Allan purchased 20,000 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was acquired at an average price of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70). In the last three months, insiders acquired 20,230 shares of company stock valued at $3,781,355.
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.
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