UBS Group Reiterates Buy Rating for Tesco (TSCO)

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by UBS Group in a report released on Tuesday, investing.thisismoney.co.uk reports.

Several other equities research analysts also recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Tesco in a research note on Thursday, September 20th. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Wednesday, September 19th. Kepler Capital Markets decreased their target price on shares of Tesco from GBX 261 ($3.41) to GBX 232 ($3.03) and set a “hold” rating for the company in a research note on Monday, October 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 295 ($3.85) target price on shares of Tesco in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 265 ($3.46) target price on shares of Tesco in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 268 ($3.50).

LON TSCO opened at GBX 194.20 ($2.54) on Tuesday. Tesco has a 1 year low of GBX 165.35 ($2.16) and a 1 year high of GBX 217.31 ($2.84).

In other Tesco news, insider Alan Stewart acquired 50,000 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was acquired at an average cost of GBX 214 ($2.80) per share, with a total value of £107,000 ($139,814.45). Over the last three months, insiders have bought 50,121 shares of company stock valued at $10,727,538.

Tesco Company Profile

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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Analyst Recommendations for Tesco (LON:TSCO)

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