Tesco PLC’s (TSCO) “Buy” Rating Reiterated at HSBC Holdings plc
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.
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