Tesco (TSCO) Shares Down 0%

Tesco PLC (LON:TSCO) traded down 0% on Thursday . The stock traded as low as GBX 207.80 ($2.78) and last traded at GBX 208.40 ($2.79). 9,499,985 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 30,760,000 shares. The stock had previously closed at GBX 208.40 ($2.79).

Several research analysts have recently issued reports on the company. Deutsche Bank restated a “buy” rating on shares of Tesco in a research note on Tuesday, December 19th. Goldman Sachs Group upgraded Tesco to a “buy” rating and lifted their price target for the company from GBX 155 ($2.07) to GBX 220 ($2.94) in a research report on Tuesday, December 5th. Berenberg Bank reiterated a “hold” rating and set a GBX 190 ($2.54) price target on shares of Tesco in a research report on Friday, November 24th. Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group raised their price objective on Tesco from GBX 160 ($2.14) to GBX 165 ($2.21) and gave the company an “underperform” rating in a report on Monday, October 30th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 205.29 ($2.74).

The stock has a market cap of $16,940.00 and a price-to-earnings ratio of 3,473.33.

In other news, insider John Allan bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average cost of GBX 187 ($2.50) per share, with a total value of £37,400 ($50,006.69). Over the last ninety days, insiders have bought 20,234 shares of company stock valued at $3,784,011.

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About Tesco

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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