Berenberg Bank Raises Tesco PLC (TSCO) Price Target to GBX 190
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).
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.
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