Insider Buying: Tesco PLC (TSCO) Insider Acquires 20,000 Shares of Stock
Tesco PLC (LON:TSCO) insider John Allan bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average price of GBX 187 ($2.48) per share, with a total value of £37,400 ($49,608.70).
Tesco PLC (LON:TSCO) traded up 1.44% during mid-day trading on Thursday, hitting GBX 186.60. The company’s stock had a trading volume of 27,293,606 shares. Tesco PLC has a 12-month low of GBX 165.35 and a 12-month high of GBX 219.40. The company’s market cap is GBX 15.22 billion. The firm’s 50-day moving average is GBX 184.05 and its 200-day moving average is GBX 180.42.
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Several equities research analysts recently weighed in on TSCO shares. Macquarie restated an “outperform” rating and set a GBX 250 ($3.32) target price on shares of Tesco PLC in a report on Thursday, July 6th. Deutsche Bank AG restated a “buy” rating and set a GBX 240 ($3.18) target price on shares of Tesco PLC in a report on Friday, July 7th. HSBC Holdings plc restated a “buy” rating and set a GBX 225 ($2.98) target price on shares of Tesco PLC in a report on Wednesday, July 19th. Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, July 12th. Finally, Bryan, Garnier & Co restated a “sell” rating and set a GBX 170 ($2.25) target price on shares of Tesco PLC in a report on Tuesday, June 20th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Tesco PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 191.94 ($2.55).
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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