Deutsche Bank reissued their buy rating on shares of Tesco (LON:TSCO) in a report published on Wednesday morning.

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.

Analyst Recommendations for Tesco (LON:TSCO)

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