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.
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