TESCO Stock Rating Reaffirmed by Deutsche Bank (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Monday, American Banking and Market News reports. They currently have a GBX 415 ($6.70) target price on the stock. Deutsche Bank’s price target would suggest a potential upside of 14.45% from the company’s current price.
TESCO (LON:TSCO) opened at 362.15 on Monday. TESCO has a one year low of GBX 306.40 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 370.3 and its 200-day moving average is GBX 366.0. The company’s market cap is £29.110 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Monday. They now have a GBX 425 ($6.86) price target on the stock. Separately, analysts at AlphaValue reiterated an “add” rating on shares of TESCO (LON:TSCO) in a research note to investors on Thursday. They now have a GBX 401 ($6.47) price target on the stock. Finally, analysts at Societe Generale reiterated a “sell” rating on shares of TESCO (LON:TSCO) in a research note to investors on Wednesday, September 25th. They now have a GBX 290 ($4.68) price target on the stock. Ten analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 383.17 ($6.18).
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
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