Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a GBX 240 ($3.16) price target on the retailer’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 27.63% from the stock’s previous close.
Several other analysts have also issued reports on the stock. reissued a “buy” rating and issued a GBX 225 ($2.96) price target on shares of Tesco PLC in a research report on Wednesday, July 19th. Credit Suisse Group AG boosted their price target on shares of Tesco PLC from GBX 160 ($2.10) to GBX 165 ($2.17) and gave the company an “underperform” rating in a research report on Monday, October 30th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, November 1st. Berenberg Bank initiated coverage on shares of Tesco PLC in a research report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 180 ($2.37) price target on the stock. Finally, BNP Paribas lowered shares of Tesco PLC to an “underperform” rating and set a GBX 165 ($2.17) price target on the stock. in a research report on Wednesday, September 13th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Tesco PLC currently has an average rating of “Hold” and a consensus price target of GBX 195.93 ($2.58).
Shares of Tesco PLC (LON:TSCO) opened at GBX 188.05 ($2.47) on Wednesday. Tesco PLC has a 12-month low of GBX 165.35 ($2.17) and a 12-month high of GBX 219.40 ($2.89).
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In other Tesco PLC news, insider John Allan acquired 20,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was bought at an average price of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,191.11). Insiders bought a total of 20,224 shares of company stock valued at $3,781,493 in the last ninety days.
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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