Tesco (TSCO) Given Buy Rating at Deutsche Bank
TSCO has been the subject of a number of other research reports. Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.29) price target on shares of Tesco in a research report on Tuesday, September 12th. Credit Suisse Group dropped their price target on Tesco from GBX 145 ($1.95) to GBX 140 ($1.88) and set an underperform rating for the company in a research report on Monday, October 2nd. Macquarie reiterated an outperform rating and set a GBX 250 ($3.36) price objective on shares of Tesco in a research report on Monday, October 2nd. Shore Capital reiterated a hold rating on shares of Tesco in a research report on Wednesday, October 4th. Finally, Goldman Sachs Group upgraded Tesco to a buy rating and lifted their price objective for the stock from GBX 155 ($2.09) to GBX 220 ($2.96) in a research report on Tuesday, December 5th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 205.29 ($2.76).
Shares of Tesco (LON TSCO) traded down GBX 2.51 ($0.03) during mid-day trading on Wednesday, hitting GBX 206.95 ($2.79). The stock had a trading volume of 24,090,165 shares, compared to its average volume of 31,350,000. Tesco has a twelve month low of GBX 165.35 ($2.23) and a twelve month high of GBX 215.16 ($2.90).
The company also recently disclosed a dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, October 12th were paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 12th.
In other news, insider John Allan acquired 20,000 shares of Tesco stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). Insiders bought a total of 20,234 shares of company stock worth $3,784,011 over the last ninety days.
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Tesco 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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