TESCO Rating Reiterated 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, StockRatingsNetwork.com reports. They currently have a GBX 78 ($1.28) price target on the stock, up from their previous price target of GBX 75 ($1.23). Deutsche Bank’s price objective points to a potential downside of 76.47% from the stock’s previous close.
TESCO (LON:TSCO) traded up 0.31% during mid-day trading on Monday, hitting GBX 331.516. 13,900,459 shares of the company’s stock traded hands. TESCO has a one year low of GBX 316.60 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 337.9 and its 200-day moving average is GBX 355.9. The company’s market cap is £26.724 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO in a research note to investors on Friday. They now have a GBX 440 ($7.22) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of TESCO in a research note to investors on Tuesday, December 17th. They now have a GBX 353 ($5.79) price target on the stock. Finally, analysts at Santander reiterated a “buy” rating on shares of TESCO in a research note to investors on Friday, December 13th. They now have a GBX 415 ($6.81) price target on the stock. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 357.76 ($5.87).
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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