Tesco PLC (TSCO) Receives Average Recommendation of “Hold” from Analysts
Tesco PLC (LON:TSCO) has been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 194.44 ($2.48).
A number of research analysts have recently issued reports on TSCO shares. HSBC Holdings plc reissued a “buy” rating and issued a GBX 260 ($3.31) price objective on shares of Tesco PLC in a research note on Wednesday, March 22nd. Kepler Capital Markets reissued a “hold” rating and issued a GBX 205 ($2.61) price objective on shares of Tesco PLC in a research note on Thursday, March 30th. Beaufort Securities raised Tesco PLC to a “buy” rating in a research note on Wednesday, March 29th. Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 170 ($2.17) price objective on shares of Tesco PLC in a research note on Wednesday, June 14th. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 180 ($2.29) price objective on shares of Tesco PLC in a research note on Friday, March 17th.
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In other Tesco PLC news, insider John Allan bought 20,000 shares of Tesco PLC stock in a transaction dated Wednesday, April 12th. The stock was bought at an average cost of GBX 186 ($2.37) per share, with a total value of £37,200 ($47,394.57). Also, insider Steve Golsby bought 42,296 shares of Tesco PLC stock in a transaction dated Monday, April 24th. The stock was acquired at an average cost of GBX 176 ($2.24) per share, with a total value of £74,440.96 ($94,841.33). Over the last ninety days, insiders bought 62,601 shares of company stock valued at $11,219,327.
Shares of Tesco PLC (LON TSCO) traded down 0.03% during midday trading on Monday, hitting GBX 171.05. The company’s stock had a trading volume of 34,377,181 shares. Tesco PLC has a 1-year low of GBX 143.08 and a 1-year high of GBX 219.40. The company has a 50-day moving average price of GBX 181.82 and a 200 day moving average price of GBX 192.26. The company’s market cap is GBX 13.95 billion.
About Tesco PLC
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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