Tesco PLC (LON:TSCO) Receives Average Rating of “Hold” from Brokerages
Shares of Tesco PLC (LON:TSCO) have earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 192.25 ($2.50).
TSCO has been the subject of several recent analyst reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 240 ($3.13) price objective on shares of Tesco PLC in a report on Tuesday, August 1st. HSBC Holdings plc reissued a “buy” rating and set a GBX 225 ($2.93) price objective on shares of Tesco PLC in a report on Wednesday, July 26th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 12th. Finally, Macquarie reissued an “outperform” rating and set a GBX 250 ($3.26) price objective on shares of Tesco PLC in a report on Thursday, July 6th.
Tesco PLC (LON:TSCO) remained flat at GBX 179.45 during midday trading on Tuesday. The company’s stock had a trading volume of 10,576,194 shares. Tesco PLC has a 12 month low of GBX 154.00 and a 12 month high of GBX 219.40. The stock’s market capitalization is GBX 14.63 billion. The stock’s 50 day moving average price is GBX 172.46 and its 200-day moving average price is GBX 183.36.
In related news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were bought at an average cost of GBX 171 ($2.23) per share, for a total transaction of £34,200 ($44,537.05). Insiders have acquired a total of 20,232 shares of company stock worth $3,461,440 over the last 90 days.
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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