Tesco PLC’s (TSCO) Buy Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a report published on Wednesday. They currently have a GBX 240 ($3.17) price objective on the retailer’s stock.

Several other equities analysts have also weighed in on TSCO. Jefferies Group LLC lifted their price target on Tesco PLC from GBX 180 ($2.38) to GBX 185 ($2.44) and gave the company a hold rating in a research note on Thursday, September 28th. Kepler Capital Markets restated a hold rating and issued a GBX 189 ($2.49) price target on shares of Tesco PLC in a research note on Thursday, September 28th. HSBC Holdings plc restated a buy rating and issued a GBX 225 ($2.97) price target on shares of Tesco PLC in a research note on Monday, October 2nd. Macquarie restated an outperform rating and issued a GBX 250 ($3.30) price target on shares of Tesco PLC in a research note on Tuesday, September 26th. Finally, Credit Suisse Group cut their price target on Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.85) and set an underperform rating for the company in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 192.56 ($2.54).

Tesco PLC (TSCO) traded up 0.32% during mid-day trading on Wednesday, reaching GBX 186.15. The company’s stock had a trading volume of 13,821,288 shares. The company’s market capitalization is GBX 15.19 billion. Tesco PLC has a one year low of GBX 165.35 and a one year high of GBX 219.40. The stock has a 50-day moving average price of GBX 185.85 and a 200-day moving average price of GBX 180.31.

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The business also recently disclosed a dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 12th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 12th.

In other news, insider John Allan bought 20,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of GBX 187 ($2.47) per share, for a total transaction of £37,400 ($49,353.39). In the last quarter, insiders have purchased 20,225 shares of company stock valued at $3,781,516.

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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