TESCO Receives Buy Rating from Deutsche Bank (TSCO)
TESCO (LON:TSCO)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 348 ($5.71) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 7.34% from the stock’s previous close.
TESCO (LON:TSCO) traded up 1.46% on Wednesday, hitting GBX 323.35. 22,281,984 shares of the company’s stock traded hands. TESCO has a 52 week low of GBX 313.15 and a 52 week high of GBX 388.05. The stock has a 50-day moving average of GBX 327.5 and a 200-day moving average of GBX 351.8. The company’s market cap is £26.065 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of TESCO in a research note on Wednesday, February 5th. They now have a GBX 375 ($6.15) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of TESCO in a research note on Tuesday, February 4th. They now have a GBX 300 ($4.92) price target on the stock. Finally, analysts at Macquarie cut their price target on shares of TESCO from GBX 390 ($6.40) to GBX 370 ($6.07) in a research note on Tuesday, February 4th. They now have an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. TESCO presently has an average rating of “Hold” and a consensus target price of GBX 372.12 ($6.11).
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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