Tesco PLC (LON:TSCO) Given “Buy” Rating at Deutsche Bank AG

Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday, October 18th.

Several other analysts have also recently commented on the company. Berenberg Bank upped their target price on Tesco PLC from GBX 180 ($2.38) to GBX 190 ($2.51) and gave the company a “hold” rating in a report on Monday, October 9th. Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, October 4th. Beaufort Securities restated a “buy” rating and set a GBX 210 ($2.77) price target on shares of Tesco PLC in a report on Monday, October 2nd. 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 on the stock in a report on Monday, October 2nd. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 225 ($2.97) price target on shares of Tesco PLC in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Tesco PLC has a consensus rating of “Hold” and an average price target of GBX 192.56 ($2.54).

Tesco PLC (LON TSCO) traded down 0.35% during midday trading on Wednesday, reaching GBX 185.50. 22,425,125 shares of the company traded hands. The firm has a 50 day moving average of GBX 185.88 and a 200-day moving average of GBX 180.38. The stock’s market capitalization is GBX 15.14 billion. Tesco PLC has a 12 month low of GBX 165.35 and a 12 month high of GBX 219.40.

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

About Tesco PLC

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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