Tesco (LON:TSCO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued to investors on Wednesday.

TSCO has been the topic of several other reports. Goldman Sachs Group upgraded shares of Tesco to a “buy” rating and boosted their price target for the stock from GBX 155 ($2.09) to GBX 220 ($2.96) in a report on Tuesday, December 5th. Berenberg Bank restated a “hold” rating and set a GBX 190 ($2.56) price target on shares of Tesco in a report on Friday, November 24th. Shore Capital restated a “hold” rating on shares of Tesco in a report on Wednesday, October 4th. Jefferies Group boosted their price target on shares of Tesco from GBX 180 ($2.42) to GBX 185 ($2.49) and gave the stock a “hold” rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets restated a “hold” rating and set a GBX 189 ($2.54) price target on shares of Tesco in a report on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 205.29 ($2.76).

Tesco (LON:TSCO) traded up GBX 0.35 ($0.00) during trading hours on Wednesday, hitting GBX 207.30 ($2.79). 33,182,725 shares of the stock traded hands, compared to its average volume of 31,350,000. Tesco has a one year low of GBX 165.35 ($2.23) and a one year high of GBX 215.16 ($2.90).

In related news, insider John Allan bought 20,000 shares of the company’s 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 acquired 20,234 shares of company stock worth $3,784,011.

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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.

Analyst Recommendations for Tesco (LON:TSCO)

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