Insider Buying: Tesco PLC (TSCO) Insider Acquires 69 Shares of Stock
Tesco PLC (LON:TSCO) insider Alan Stewart bought 69 shares of the business’s stock in a transaction on Friday, October 7th. The stock was purchased at an average price of GBX 199 ($2.46) per share, for a total transaction of £137.31 ($169.94).
Shares of Tesco PLC (LON:TSCO) traded up 0.94% on Monday, reaching GBX 203.10. The company’s stock had a trading volume of 26,844,085 shares. The stock’s market cap is GBX 16.51 billion. The firm’s 50 day moving average is GBX 173.37 and its 200-day moving average is GBX 169.77. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85.
Several equities research analysts have commented on TSCO shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 135 ($1.67) target price on shares of Tesco PLC in a research note on Monday, October 3rd. Barclays PLC restated an “overweight” rating and issued a GBX 215 ($2.66) target price on shares of Tesco PLC in a research note on Wednesday, September 14th. Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a research note on Monday, September 12th. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday, August 31st. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 200 ($2.48) price objective on shares of Tesco PLC in a research note on Friday, August 5th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 193.16 ($2.39).
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Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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