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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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