Tesco PLC (LON:TSCO) shares fell 0.9% on Monday . The company traded as low as GBX 185.20 ($2.39) and last traded at GBX 186.15 ($2.40). 15,067,216 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 21,256,700 shares. The stock had previously closed at GBX 187.75 ($2.42).
A number of brokerages have weighed in on TSCO. Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 170 ($2.20) price target on shares of Tesco PLC in a research note on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 240 ($3.10) price target on shares of Tesco PLC in a research note on Wednesday, June 28th. Kepler Capital Markets cut their price target on shares of Tesco PLC from GBX 205 ($2.65) to GBX 189 ($2.44) and set a “hold” rating on the stock in a research note on Friday, June 2nd. HSBC Holdings plc reaffirmed a “buy” rating on shares of Tesco PLC in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 180 ($2.32) price target on shares of Tesco PLC in a research note on Tuesday, May 30th. Seven research 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 192.25 ($2.48).
The company’s market cap is GBX 15.09 billion. The company’s 50-day moving average is GBX 180.35 and its 200-day moving average is GBX 180.86.
In other Tesco PLC news, insider John Allan bought 20,000 shares of the stock in a transaction dated Monday, June 19th. The shares were bought at an average cost of GBX 171 ($2.21) per share, for a total transaction of £34,200 ($44,168.93). Insiders have bought a total of 20,307 shares of company stock worth $3,475,138 over the last quarter.
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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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