Tesco PLC (TSCO) Trading 0% Higher

Tesco PLC (LON:TSCO) traded up 0% on Monday . The company traded as high as GBX 1.84 ($0.02) and last traded at GBX 186.31 ($2.45). 27,312,958 shares changed hands during trading, an increase of 2% from the average session volume of 26,710,000 shares. The stock had previously closed at GBX 186.31 ($2.45).

A number of equities research analysts recently weighed in on the company. Bryan, Garnier & Co reissued a “sell” rating and set a GBX 170 ($2.24) target price on shares of Tesco PLC in a research report on Tuesday, September 12th. Macquarie reissued an “outperform” rating and set a GBX 250 ($3.29) target price on shares of Tesco PLC in a research report on Monday, October 2nd. Credit Suisse Group decreased their target price on Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.84) and set an “underperform” rating on the stock in a research report on Monday, October 2nd. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, October 4th. Finally, Deutsche Bank AG reissued a “buy” rating and set a GBX 240 ($3.16) target price on shares of Tesco PLC in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 195.93 ($2.58).

The firm also recently announced a dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 12th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 12th.

In other news, insider John Allan purchased 20,000 shares of the firm’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 have acquired a total of 20,224 shares of company stock valued at $3,781,493 in the last quarter.

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Tesco PLC Company Profile

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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