Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reiterated by research analysts at Shore Capital in a note issued to investors on Friday.
Several other brokerages have also recently weighed in on TSCO. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 150 ($1.94) price target on shares of Tesco PLC in a research note on Wednesday, April 12th. Beaufort Securities raised Tesco PLC to a “buy” rating in a research note on Wednesday, March 29th. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 205 ($2.66) price target on shares of Tesco PLC in a research note on Thursday, March 30th. Macquarie reaffirmed an “outperform” rating on shares of Tesco PLC in a research note on Wednesday, March 8th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 260 ($3.37) price target on shares of Tesco PLC in a research note on Wednesday, March 22nd. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 192.25 ($2.49).
Shares of Tesco PLC (LON:TSCO) opened at 166.40 on Friday. The company has a 50-day moving average of GBX 178.60 and a 200 day moving average of GBX 189.31. The firm’s market cap is GBX 13.57 billion. Tesco PLC has a 52-week low of GBX 153.00 and a 52-week high of GBX 219.40.
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In other news, insider John Allan bought 20,000 shares of the stock in a transaction on Wednesday, April 12th. The shares were bought at an average price of GBX 186 ($2.41) per share, with a total value of £37,200 ($48,186.53). Also, insider Steve Golsby bought 42,296 shares of the stock in a transaction on Monday, April 24th. The stock was purchased at an average cost of GBX 176 ($2.28) per share, for a total transaction of £74,440.96 ($96,426.11). In the last three months, insiders acquired 82,528 shares of company stock worth $14,625,457.
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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