Tesco PLC (LON:TSCO) insider Alan Stewart purchased 63 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of GBX 218 ($2.85) per share, for a total transaction of £137.34 ($179.46).
Alan Stewart also recently made the following trade(s):
- On Friday, October 5th, Alan Stewart purchased 50,000 shares of Tesco stock. The shares were purchased at an average price of GBX 214 ($2.80) per share, for a total transaction of £107,000 ($139,814.45).
- On Friday, September 7th, Alan Stewart purchased 58 shares of Tesco stock. The shares were purchased at an average price of GBX 238 ($3.11) per share, for a total transaction of £138.04 ($180.37).
TSCO stock opened at GBX 212.20 ($2.77) on Wednesday. Tesco PLC has a 12 month low of GBX 165.35 ($2.16) and a 12 month high of GBX 217.31 ($2.84).
The firm also recently declared a dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 11th will be given a GBX 1.67 ($0.02) dividend. The ex-dividend date is Thursday, October 11th. This represents a dividend yield of 0.78%.
Several brokerages have weighed in on TSCO. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, August 29th. HSBC restated a “buy” rating on shares of Tesco in a research report on Monday, August 13th. Jefferies Financial Group upped their target price on shares of Tesco from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Berenberg Bank restated a “buy” rating and set a GBX 295 ($3.85) target price on shares of Tesco in a research report on Monday, September 17th. Finally, UBS Group restated a “buy” rating and set a GBX 300 ($3.92) target price on shares of Tesco in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 268 ($3.50).
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Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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