Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a report issued on Tuesday.

TSCO has been the subject of a number of other research reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, November 22nd. Goldman Sachs Group upgraded Tesco to a “buy” rating and upped their price target for the stock from GBX 155 ($2.09) to GBX 220 ($2.96) in a report on Tuesday, December 5th. Credit Suisse Group upped their price target on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the stock an “underperform” rating in a report on Monday, October 30th. reiterated a “buy” rating and set a GBX 225 ($3.03) price target on shares of Tesco in a report on Wednesday, September 13th. Finally, Berenberg Bank began coverage on Tesco in a report on Tuesday, October 3rd. They set a “hold” rating and a GBX 180 ($2.42) price target for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 205.29 ($2.76).

Shares of Tesco (TSCO) traded down GBX 0.75 ($0.01) during midday trading on Tuesday, hitting GBX 206.75 ($2.78). 5,703,136 shares of the company were exchanged, compared to its average volume of 31,100,000. Tesco has a fifty-two week low of GBX 165.35 ($2.23) and a fifty-two week high of GBX 215.16 ($2.90). The company has a market capitalization of $16,940.00 and a PE ratio of 3,445.83.

In related news, insider John Allan bought 20,000 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were purchased at an average price of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). In the last quarter, insiders purchased 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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