Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by analysts at HSBC Holdings plc in a report issued on Wednesday. They presently have a GBX 225 ($2.93) price target on the retailer’s stock. HSBC Holdings plc’s price objective indicates a potential upside of 29.31% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 240 ($3.13) price target on shares of Tesco PLC in a report on Thursday, May 4th. Macquarie reaffirmed an “outperform” rating and set a GBX 250 ($3.26) price target on shares of Tesco PLC in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a GBX 150 ($1.95) price target on shares of Tesco PLC in a report on Tuesday, April 18th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 140 ($1.82) price target (down from GBX 160 ($2.08)) on shares of Tesco PLC in a report on Tuesday, April 18th. Finally, Kepler Capital Markets decreased their price target on Tesco PLC from GBX 205 ($2.67) to GBX 189 ($2.46) and set a “hold” rating for the company in a report on Friday, June 2nd. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 192.25 ($2.50).

Tesco PLC (LON TSCO) opened at 175.30 on Wednesday. The company’s 50-day moving average price is GBX 174.21 and its 200 day moving average price is GBX 185.21. Tesco PLC has a 12 month low of GBX 153.00 and a 12 month high of GBX 219.40. The firm’s market capitalization is GBX 14.29 billion.

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In related news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were purchased at an average price of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,554.46). Insiders purchased a total of 20,232 shares of company stock worth $3,461,440 in the last 90 days.

Tesco PLC 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 PLC (LON:TSCO)

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