Tesco (TSCO) Stock Price Down 0%

Tesco PLC (LON:TSCO)’s share price traded down 0% on Monday . The company traded as low as GBX 205.06 ($2.76) and last traded at GBX 206.05 ($2.77). 16,248,676 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 31,690,000 shares. The stock had previously closed at GBX 206.05 ($2.77).

A number of equities analysts have weighed in on the stock. Deutsche Bank reissued a “buy” rating on shares of Tesco in a research report on Wednesday, December 13th. Goldman Sachs Group raised shares of Tesco to a “buy” rating and upped their price objective for the company from GBX 155 ($2.09) to GBX 220 ($2.96) in a research report on Tuesday, December 5th. Berenberg Bank reissued a “hold” rating and issued a GBX 190 ($2.56) price objective on shares of Tesco in a research report on Friday, November 24th. Shore Capital reaffirmed a “hold” rating on shares of Tesco in a research report on Wednesday, October 4th. Finally, Jefferies Group increased their price target on shares of Tesco from GBX 180 ($2.42) to GBX 185 ($2.49) and gave the stock a “hold” rating in a research report on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Tesco currently has an average rating of “Hold” and an average price target of GBX 205.29 ($2.76).

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

In other Tesco news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction that occurred on 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). In the last quarter, insiders have purchased 20,234 shares of company stock worth $3,784,011.

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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.

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