Tesco PLC (TSCO) Given “Hold” Rating at Shore Capital
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reaffirmed by equities researchers at Shore Capital in a report released on Tuesday.
A number of other brokerages also recently issued reports on TSCO. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 225 ($2.92) price target on shares of Tesco PLC in a research note on Wednesday, July 26th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 240 ($3.12) price target on shares of Tesco PLC in a research note on Friday, July 7th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 170 ($2.21) price target on shares of Tesco PLC in a research note on Wednesday, June 14th. Finally, Credit Suisse Group lifted their price target on shares of Tesco PLC from GBX 140 ($1.82) to GBX 145 ($1.88) and gave the stock an “underperform” rating in a research note on Friday, May 26th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 192.25 ($2.50).
Tesco PLC (LON TSCO) opened at 182.95 on Tuesday. The company’s 50 day moving average is GBX 175.00 and its 200-day moving average is GBX 182.08. The stock’s market capitalization is GBX 14.92 billion. Tesco PLC has a 1-year low of GBX 158.70 and a 1-year high of GBX 219.40.
In other Tesco PLC news, insider John Allan acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were acquired at an average cost of GBX 171 ($2.22) per share, for a total transaction of £34,200 ($44,398.29). Insiders purchased a total of 20,234 shares of company stock worth $3,461,414 over the last quarter.
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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