Several other analysts also recently weighed in on TSCO. Shore Capital reiterated a hold rating on shares of Tesco in a research note on Tuesday, August 22nd. Credit Suisse Group reiterated an underperform rating and set a GBX 145 ($1.95) price target on shares of Tesco in a research note on Tuesday, August 29th. reiterated a buy rating on shares of Tesco in a research note on Wednesday, September 6th. Bryan, Garnier & Co reiterated a sell rating and set a GBX 170 ($2.29) price target on shares of Tesco in a research note on Tuesday, September 12th. Finally, BNP Paribas downgraded Tesco to an underperform rating and set a GBX 165 ($2.22) price target on the stock. in a research note on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Tesco currently has a consensus rating of Hold and a consensus price target of GBX 205.29 ($2.76).
Shares of Tesco (LON:TSCO) opened at GBX 207.30 ($2.79) on Wednesday. Tesco has a one year low of GBX 165.35 ($2.23) and a one year high of GBX 215.16 ($2.90).
In related news, insider John Allan bought 20,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were purchased at an average price of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). Insiders bought 20,234 shares of company stock worth $3,784,011 in the last 90 days.
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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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