Tesco PLC (LON:TSCO)‘s stock had its “buy” rating restated by equities researchers at HSBC Holdings plc in a research note issued to investors on Wednesday.

Several other equities research analysts have also issued reports on the company. Macquarie reaffirmed an “outperform” rating and issued a GBX 250 ($3.23) price objective on shares of Tesco PLC in a research note on Thursday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 240 ($3.10) price objective on shares of Tesco PLC in a research note on Friday, July 7th. Kepler Capital Markets lowered their price objective on Tesco PLC from GBX 205 ($2.65) to GBX 189 ($2.44) and set a “hold” rating for the company in a research note on Friday, June 2nd. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 180 ($2.32) price objective on shares of Tesco PLC in a research note on Tuesday, May 30th. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 192.25 ($2.48).

Shares of Tesco PLC (LON TSCO) traded up 0.70% during trading on Wednesday, reaching GBX 187.75. The company’s stock had a trading volume of 16,894,472 shares. The stock’s market cap is GBX 15.31 billion. Tesco PLC has a 12-month low of GBX 160.65 and a 12-month high of GBX 219.40. The company has a 50 day moving average of GBX 179.80 and a 200-day moving average of GBX 181.13.

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In related news, insider John Allan purchased 20,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were acquired at an average cost of GBX 171 ($2.21) per share, for a total transaction of £34,200 ($44,168.93). Insiders bought a total of 20,234 shares of company stock worth $3,461,414 over the last quarter.

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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