Several other brokerages also recently commented on TSCO. Macquarie restated an outperform rating and issued a GBX 250 ($3.24) target price on shares of Tesco PLC in a research note on Thursday. Shore Capital reiterated a hold rating on shares of Tesco PLC in a research note on Friday, June 30th. HSBC Holdings plc cut their target price on Tesco PLC from GBX 260 ($3.37) to GBX 225 ($2.91) and set a buy rating on the stock in a research note on Tuesday, June 20th. Kepler Capital Markets restated a hold rating and issued a GBX 205 ($2.66) target price on shares of Tesco PLC in a research note on Thursday, March 30th. Finally, Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.20) target price on shares of Tesco PLC in a research note on Wednesday, June 14th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Tesco PLC currently has an average rating of Hold and a consensus price target of GBX 192.25 ($2.49).
Tesco PLC (LON TSCO) traded up 0.32% during midday trading on Friday, reaching GBX 171.05. The company had a trading volume of 13,401,811 shares. The stock has a 50-day moving average price of GBX 178.60 and a 200 day moving average price of GBX 189.31. The company’s market capitalization is GBX 13.95 billion. Tesco PLC has a 12-month low of GBX 153.00 and a 12-month high of GBX 219.40.
In other Tesco PLC news, insider Steve Golsby purchased 42,296 shares of the business’s stock in a transaction on Monday, April 24th. The stock was acquired at an average cost of GBX 176 ($2.28) per share, for a total transaction of £74,440.96 ($96,426.11). Also, insider John Allan purchased 20,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were acquired at an average price of GBX 171 ($2.22) per share, with a total value of £34,200 ($44,300.52). Insiders purchased 82,528 shares of company stock valued at $14,625,457 over the last quarter.
Tesco PLC 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.
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