Tesco PLC (TSCO) Given “Hold” Rating at Shore Capital

Shore Capital restated their hold rating on shares of Tesco PLC (LON:TSCO) in a report issued on Wednesday morning, Marketbeat reports.

Other analysts also recently issued reports about the company. Beaufort Securities downgraded Tesco PLC to a long term buy rating and set a GBX 210 ($2.68) price target for the company. in a research report on Thursday, April 13th. HSBC Holdings plc restated a buy rating and issued a GBX 260 ($3.31) price target on shares of Tesco PLC in a research report on Wednesday, April 19th. Jefferies Group LLC restated a hold rating and issued a GBX 180 ($2.29) price target on shares of Tesco PLC in a research report on Wednesday, April 5th. Credit Suisse Group raised their price target on Tesco PLC from GBX 140 ($1.78) to GBX 145 ($1.85) and gave the stock an underperform rating in a research report on Friday, May 26th. Finally, Bryan, Garnier & Co restated a sell rating and issued a GBX 170 ($2.17) price target on shares of Tesco PLC in a research report on Wednesday, June 14th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 194.44 ($2.48).

Tesco PLC (LON:TSCO) opened at 171.05 on Wednesday. Tesco PLC has a 1-year low of GBX 143.08 and a 1-year high of GBX 219.40. The stock’s market capitalization is GBX 13.95 billion. The firm’s 50 day moving average is GBX 181.45 and its 200 day moving average is GBX 191.76.

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In other news, insider John Allan purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, April 12th. The shares were purchased at an average price of GBX 186 ($2.37) per share, for a total transaction of £37,200 ($47,394.57). Also, insider Steve Golsby purchased 42,296 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were purchased at an average price of GBX 176 ($2.24) per share, for a total transaction of £74,440.96 ($94,841.33). In the last 90 days, insiders have bought 62,601 shares of company stock worth $11,219,327.

About Tesco PLC

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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