Tesco PLC (TSCO) Price Target Increased to GBX 190 by Analysts at Berenberg Bank

Tesco PLC (LON:TSCO) had its target price boosted by Berenberg Bank from GBX 180 ($2.37) to GBX 190 ($2.50) in a research note issued to investors on Monday. The firm currently has a hold rating on the retailer’s stock.

TSCO has been the subject of a number of other research reports. Bryan, Garnier & Co reiterated 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 restated an outperform rating and issued a GBX 250 ($3.29) price objective on shares of Tesco PLC in a research report on Monday, October 2nd. Credit Suisse Group lowered their price objective on shares of Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.84) and set an underperform rating for the company in a research report on Monday, October 2nd. Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Wednesday, October 4th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 240 ($3.16) price objective on shares of Tesco PLC in a research report on Wednesday, June 28th. Seven investment 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. Tesco PLC presently has an average rating of Hold and a consensus target price of GBX 192.56 ($2.53).

Tesco PLC (LON:TSCO) opened at 187.35 on Monday. The firm has a 50-day moving average of GBX 184.77 and a 200 day moving average of GBX 180.34. The company’s market cap is GBX 15.29 billion. Tesco PLC has a 52-week low of GBX 165.35 and a 52-week high of GBX 219.40.

COPYRIGHT VIOLATION NOTICE: “Tesco PLC (TSCO) Price Target Increased to GBX 190 by Analysts at Berenberg Bank” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/tesco-plc-tsco-price-target-increased-to-gbx-190-by-analysts-at-berenberg-bank.html.

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

In other Tesco PLC news, insider John Allan bought 20,000 shares of Tesco PLC 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 ($49,171.

TSCO has been the subject of a number of other research reports. Bryan, Garnier & Co reiterated 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 restated an outperform rating and issued a GBX 250 ($3.29) price objective on shares of Tesco PLC in a research report on Monday, October 2nd. Credit Suisse Group lowered their price objective on shares of Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.84) and set an underperform rating for the company in a research report on Monday, October 2nd. Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Wednesday, October 4th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 240 ($3.16) price objective on shares of Tesco PLC in a research report on Wednesday, June 28th. Seven investment 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. Tesco PLC presently has an average rating of Hold and a consensus target price of GBX 192.56 ($2.53).

Tesco PLC (LON:TSCO) opened at 187.35 on Monday. The firm has a 50-day moving average of GBX 184.77 and a 200 day moving average of GBX 180.34. The company’s market cap is GBX 15.29 billion. Tesco PLC has a 52-week low of GBX 165.35 and a 52-week high of GBX 219.40.

COPYRIGHT VIOLATION NOTICE: “Tesco PLC (TSCO) Price Target Increased to GBX 190 by Analysts at Berenberg Bank” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/tesco-plc-tsco-price-target-increased-to-gbx-190-by-analysts-at-berenberg-bank.html.

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

In other Tesco PLC news, insider John Allan bought 20,000 shares of Tesco PLC 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 ($49,171.71). In the last three months, insiders bought 20,304 shares of company stock valued at $3,795,341.

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.

Analyst Recommendations for Tesco PLC (LON:TSCO)

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