Tesco (LON:TSCO)‘s stock had its “hold” rating reaffirmed by Kepler Capital Markets in a research note issued to investors on Thursday.
Several other research analysts have also recently commented on the stock. HSBC reaffirmed a “buy” rating on shares of Tesco in a report on Monday, August 13th. Jefferies Financial Group raised their target price on shares of Tesco from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the stock a “buy” rating in a report on Tuesday, September 18th. Barclays reaffirmed an “overweight” rating and set a GBX 280 ($3.66) target price on shares of Tesco in a report on Wednesday, August 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 295 ($3.85) target price on shares of Tesco in a report on Monday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 300 ($3.92) target price on shares of Tesco in a report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Tesco has a consensus rating of “Buy” and an average price target of GBX 268 ($3.50).
Shares of TSCO traded up GBX 0.10 ($0.00) during mid-day trading on Thursday, hitting GBX 218.70 ($2.86). 16,274,567 shares of the company’s stock were exchanged, compared to its average volume of 45,150,000. Tesco has a 52 week low of GBX 165.35 ($2.16) and a 52 week high of GBX 217.31 ($2.84).
In related news, insider Alan Stewart bought 50,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were purchased at an average price of GBX 214 ($2.80) per share, for a total transaction of £107,000 ($139,814.45). Insiders acquired 50,121 shares of company stock worth $10,727,538 in the last 90 days.
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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