Tesco PLC (LON:TSCO) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their hold rating on shares of Tesco PLC (LON:TSCO) in a research report released on Wednesday, October 25th.

TSCO has been the topic of several other research reports. Deutsche Bank AG reaffirmed a buy rating and set a GBX 240 ($3.16) price target on shares of Tesco PLC in a research report on Tuesday, August 1st. Berenberg Bank boosted their target price on Tesco PLC from GBX 180 ($2.37) to GBX 190 ($2.50) and gave the company a hold rating in a research report on Monday, October 9th. HSBC Holdings plc reissued a buy rating and issued a GBX 225 ($2.96) target price on shares of Tesco PLC in a research report on Monday, September 25th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 145 ($1.91) price objective on shares of Tesco PLC in a research report on Tuesday, August 29th. Finally, Beaufort Securities reiterated a buy rating and set a GBX 210 ($2.76) target price on shares of Tesco PLC in a research note on Monday, October 2nd. Six equities research 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. The stock presently has a consensus rating of Hold and an average target price of GBX 195.93 ($2.58).

Shares of Tesco PLC (LON TSCO) traded down GBX 0.20 ($0.00) during trading on Wednesday, hitting GBX 176.60 ($2.32). The company had a trading volume of 15,617,075 shares, compared to its average volume of 23,260,000. Tesco PLC has a 1 year low of GBX 165.35 ($2.17) and a 1 year high of GBX 219.40 ($2.89).

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

In other news, insider John Allan acquired 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 ($2.46) per share, with a total value of £37,400 ($49,191.11). Insiders acquired 20,224 shares of company stock valued at $3,781,493 over the last three months.

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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