Berenberg Bank Raises Tesco PLC (TSCO) Price Target to GBX 190

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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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