Tesco PLC (LON:TSCO) had its price target boosted by Berenberg Bank from GBX 180 ($2.37) to GBX 190 ($2.50) in a research report released on Monday. The firm currently has a hold rating on the retailer’s stock.

Other research analysts also recently issued reports about the stock. Bryan, Garnier & Co reissued a sell rating and set a GBX 170 ($2.24) price objective on shares of Tesco PLC in a research report on Tuesday, September 12th. Macquarie reissued an outperform rating and set a GBX 250 ($3.29) price objective on shares of Tesco PLC in a research report on Monday, October 2nd. Credit Suisse Group reduced their price objective on shares of Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.84) and set an underperform rating on the stock in a research report on Monday, October 2nd. Shore Capital reissued a hold rating on shares of Tesco PLC in a research report on Wednesday, October 4th. Finally, Deutsche Bank AG reissued a buy rating and set a GBX 240 ($3.16) price objective on shares of Tesco PLC in a research report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Tesco PLC has an average rating of Hold and a consensus price target of GBX 192.56 ($2.53).

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The company also recently disclosed a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 12th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 12th.

In other news, insider John Allan acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average cost of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,171.71). Insiders have purchased a total of 20,225 shares of company stock worth $3,781,516 over the last three months.

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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