Tesco (TSCO) Earns Buy Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Tesco (LON:TSCO) in a research report report published on Wednesday.

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).

The business also recently announced a dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, October 12th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, October 12th. This represents a dividend yield of 0.54%.

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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About Tesco

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 (LON:TSCO)

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