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.
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