Barclays Reaffirms Overweight Rating for Tesco (TSCO)
TSCO has been the subject of a number of other reports. Shore Capital reiterated a buy rating on shares of Tesco in a research report on Wednesday, September 12th. Kepler Capital Markets dropped their price target 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 report on Monday, October 8th. UBS Group reiterated a buy rating and issued a GBX 300 ($3.92) price target on shares of Tesco in a research report on Tuesday, September 25th. Jefferies Financial Group lifted their price target on shares of Tesco from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the company a buy rating in a research report on Tuesday, September 18th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 295 ($3.85) price target on shares of Tesco in a research report on Monday, September 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesco presently has an average rating of Buy and a consensus target price of GBX 268 ($3.50).
Shares of LON:TSCO opened at GBX 205.70 ($2.69) on Monday. Tesco has a 12-month low of GBX 165.35 ($2.16) and a 12-month high of GBX 217.31 ($2.84).
In other news, insider Alan Stewart purchased 50,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were acquired at an average price of GBX 214 ($2.80) per share, with a total value of £107,000 ($139,814.45). Insiders have acquired 50,121 shares of company stock worth $10,727,538 in the last ninety days.
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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