HSBC Holdings plc reiterated their buy rating on shares of Tesco PLC (LON:TSCO) in a research note released on Wednesday. They currently have a GBX 225 ($2.91) target price on the retailer’s stock.

TSCO has been the subject of a number of other research reports. Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.20) price objective on shares of Tesco PLC in a research report on Tuesday, September 12th. Deutsche Bank AG restated a buy rating and issued a GBX 240 ($3.10) price objective on shares of Tesco PLC in a research report on Wednesday, June 28th. Kepler Capital Markets reduced their price objective on shares of Tesco PLC from GBX 205 ($2.65) to GBX 189 ($2.44) and set a hold rating for the company in a research report on Friday, June 2nd. BNP Paribas downgraded shares of Tesco PLC to an underperform rating and set a GBX 165 ($2.13) price objective for the company. in a research report on Wednesday. Finally, Jefferies Group LLC restated a hold rating and issued a GBX 180 ($2.32) price objective on shares of Tesco PLC in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 192.73 ($2.49).

Tesco PLC (LON:TSCO) opened at 181.50 on Wednesday. The company has a 50 day moving average price of GBX 181.05 and a 200 day moving average price of GBX 180.82. The stock’s market cap is GBX 14.80 billion. Tesco PLC has a 52 week low of GBX 165.35 and a 52 week high of GBX 219.40.

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In related news, insider John Allan acquired 20,000 shares of the stock in a transaction dated Monday, June 19th. The stock was bought at an average cost of GBX 171 ($2.21) per share, with a total value of £34,200 ($44,168.93). Insiders have bought a total of 20,230 shares of company stock valued at $3,461,355 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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