Tesco PLC (LON:TSCO) had its target price increased by Berenberg Bank from GBX 180 ($2.37) to GBX 190 ($2.50) in a research report report published on Monday morning. The brokerage currently has a hold rating on the retailer’s stock.
Several other research firms have also weighed in on TSCO. HSBC Holdings plc reiterated a buy rating and issued a GBX 225 ($2.96) price objective on shares of Tesco PLC in a research note on Monday, October 2nd. Credit Suisse Group reiterated an underperform rating and issued a GBX 145 ($1.91) price objective on shares of Tesco PLC in a research note on Tuesday, August 29th. Kepler Capital Markets restated a hold rating and set a GBX 189 ($2.48) price target on shares of Tesco PLC in a research note on Thursday, September 28th. Deutsche Bank AG restated a buy rating and set a GBX 240 ($3.16) price target on shares of Tesco PLC in a research note on Friday, July 7th. Finally, Bryan, Garnier & Co restated a sell rating and set a GBX 170 ($2.24) price target on shares of Tesco PLC in a research note on Wednesday, June 14th. Seven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 192.56 ($2.53).
Shares of Tesco PLC (TSCO) opened at 186.00 on Monday. The company’s market cap is GBX 15.18 billion. The firm has a 50-day moving average of GBX 185.11 and a 200 day moving average of GBX 180.36. Tesco PLC has a 52 week low of GBX 165.35 and a 52 week high of GBX 219.40.
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The firm also recently disclosed a dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 12th will be issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.54%. The ex-dividend date is Thursday, October 12th.
In other Tesco PLC news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were acquired at an average cost of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,171.71). Over the last ninety days, insiders have acquired 20,304 shares of company stock worth $3,795,341.
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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