Other equities research analysts also recently issued research reports about the company. Barclays reaffirmed an overweight rating on shares of Tesco in a research report on Thursday, September 20th. Shore Capital reaffirmed a buy rating on shares of Tesco in a research report on Wednesday, September 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 295 ($3.85) target price on shares of Tesco in a research report on Monday, October 8th. UBS Group reissued a buy rating and issued a GBX 300 ($3.92) price target on shares of Tesco in a report on Thursday, October 4th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 265 ($3.46) price target on shares of Tesco in a report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Tesco currently has an average rating of Buy and a consensus price target of GBX 268 ($3.50).
Shares of LON TSCO traded up GBX 0.10 ($0.00) on Thursday, hitting GBX 218.70 ($2.86). The company had a trading volume of 11,599,572 shares, compared to its average volume of 45,150,000. Tesco has a 12-month low of GBX 165.35 ($2.16) and a 12-month high of GBX 217.31 ($2.84).
In other Tesco news, insider Alan Stewart purchased 50,000 shares of Tesco stock in a transaction that occurred on Friday, October 5th. The stock was purchased at an average price of GBX 214 ($2.80) per share, with a total value of £107,000 ($139,814.45). Insiders purchased 50,121 shares of company stock valued at $10,727,538 in the last three months.
Tesco Company Profile
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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