Tesco PLC (TSCO) Stock Rating Reaffirmed by Deutsche Bank AG
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a GBX 240 ($3.16) price objective on the retailer’s stock. Deutsche Bank AG’s price target suggests a potential upside of 30.68% from the stock’s previous close.
A number of other equities analysts also recently issued reports on TSCO. BNP Paribas downgraded Tesco PLC to an “underperform” rating and set a GBX 165 ($2.17) target price for the company. in a research note on Wednesday, September 13th. Macquarie reaffirmed an “outperform” rating and issued a GBX 250 ($3.29) price objective on shares of Tesco PLC in a research note on Tuesday, September 26th. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 189 ($2.49) price objective on shares of Tesco PLC in a research note on Thursday, September 28th. Jefferies Group LLC raised their price objective on Tesco PLC from GBX 180 ($2.37) to GBX 185 ($2.43) and gave the company a “hold” rating in a research note on Thursday, September 28th. Finally, reaffirmed a “buy” rating and issued a GBX 225 ($2.96) price objective on shares of Tesco PLC in a research note on Wednesday, July 26th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 195.93 ($2.58).
Shares of Tesco PLC (LON TSCO) traded down GBX 0.69 ($0.01) during midday trading on Wednesday, hitting GBX 183.66 ($2.42). The company had a trading volume of 19,670,000 shares, compared to its average volume of 26,700,000. Tesco PLC has a 1 year low of GBX 165.35 ($2.17) and a 1 year high of GBX 219.40 ($2.89).
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In other Tesco PLC news, insider John Allan bought 20,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,191.11). Over the last ninety days, insiders have bought 20,224 shares of company stock worth $3,781,493.
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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