Tesco PLC’s (TSCO) “Buy” Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Tesco PLC (LON:TSCO) in a research note published on Friday. The firm currently has a GBX 240 ($3.11) price objective on the retailer’s stock.

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.

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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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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