Deutsche Bank restated their buy rating on shares of Tesco (LON:TSCO) in a research report report published on Tuesday morning.

Several other research firms have also commented on TSCO. Berenberg Bank raised their price objective on Tesco from GBX 180 ($2.42) to GBX 190 ($2.56) and gave the company a hold rating in a research report on Monday, October 9th. Goldman Sachs Group raised Tesco to a buy rating and raised their price objective for the company from GBX 155 ($2.09) to GBX 220 ($2.96) in a research report on Tuesday, December 5th. reissued a buy rating and issued a GBX 225 ($3.03) price objective on shares of Tesco in a research report on Monday, September 25th. Credit Suisse Group raised their price objective on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the company an underperform rating in a research report on Monday, October 30th. Finally, Shore Capital reissued a hold rating on shares of Tesco in a research report on Tuesday, August 22nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 205.29 ($2.76).

Tesco (TSCO) opened at GBX 206.40 ($2.78) on Tuesday. Tesco has a 52-week low of GBX 165.35 ($2.23) and a 52-week high of GBX 215.16 ($2.90).

The company also recently declared a dividend, which was paid on Friday, November 24th. Investors of record on Thursday, October 12th were paid 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 other news, insider John Allan purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average cost of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). Insiders purchased 20,234 shares of company stock valued at $3,784,011 over the last quarter.

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Tesco 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 (LON:TSCO)

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