Tesco’s (TSCO) “Buy” Rating Reaffirmed at Deutsche Bank
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).
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.
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