Tesco PLC (TSCO) Stock Rating Reaffirmed by Shore Capital

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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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