Shares of Tesco PLC (LON:TSCO) shot up 1.3% during mid-day trading on Wednesday . The stock traded as high as GBX 210.04 ($2.83) and last traded at GBX 208.40 ($2.80). 41,409,514 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 31,530,000 shares. The stock had previously closed at GBX 205.65 ($2.77).

Several brokerages have recently issued reports on TSCO. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 170 ($2.29) target price on shares of Tesco in a research report on Tuesday, September 12th. Macquarie reiterated an “outperform” rating and issued a GBX 250 ($3.36) target price on shares of Tesco in a research report on Monday, October 2nd. Credit Suisse Group dropped their target price on shares of Tesco from GBX 145 ($1.95) to GBX 140 ($1.88) and set an “underperform” rating on the stock in a research report on Monday, October 2nd. Shore Capital reiterated a “hold” rating on shares of Tesco in a research report on Wednesday, October 4th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 240 ($3.23) target price on shares of Tesco in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 205.29 ($2.76).

The company also recently announced a dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, October 12th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a yield of 0.54%.

In related news, insider John Allan purchased 20,000 shares of Tesco stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). Insiders acquired a total of 20,234 shares of company stock worth $3,784,011 over the last quarter.

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About Tesco

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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