Tesco PLC (TSCO) Receives Average Recommendation of “Hold” from Analysts
Tesco PLC (LON:TSCO) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 202.62 ($2.73).
TSCO has been the topic of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Wednesday, November 22nd. Credit Suisse Group raised their price target on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the stock an “underperform” rating in a research report on Monday, October 30th. restated a “buy” rating and issued a GBX 225 ($3.03) price target on shares of Tesco in a research report on Wednesday, September 13th. Deutsche Bank restated a “buy” rating on shares of Tesco in a research report on Tuesday, November 21st. Finally, Berenberg Bank started coverage on Tesco in a research report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 180 ($2.42) price target on the stock.
Shares of Tesco (TSCO) traded up GBX 0.74 ($0.01) on Monday, reaching GBX 205.50 ($2.77). The company’s stock had a trading volume of 19,874,044 shares, compared to its average volume of 31,530,000. Tesco has a 52-week low of GBX 165.35 ($2.23) and a 52-week high of GBX 219.40 ($2.95).
In other Tesco news, insider John Allan bought 20,000 shares of Tesco stock in a transaction on Thursday, October 5th. The shares were purchased at an average cost of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). Over the last quarter, insiders have acquired 20,234 shares of company stock worth $3,784,011.
Tesco 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.
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.