Tesco PLC Receives “Buy” Rating from Deutsche Bank (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 342 ($5.77) price target on the stock. Deutsche Bank’s price target suggests a potential upside of 15.15% from the company’s current price.
Tesco PLC (LON:TSCO) traded up 0.68% on Thursday, hitting GBX 297.00. 16,733,641 shares of the company’s stock traded hands. Tesco PLC has a one year low of GBX 278.50 and a one year high of GBX 388.05. The stock has a 50-day moving average of GBX 291.5 and a 200-day moving average of GBX 324.6. The company’s market cap is £23.983 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 4th. Stockholders of record on Wednesday, April 30th will be paid a dividend of GBX 10.13 ($0.17) per share. This represents a dividend yield of 3.44%. The ex-dividend date is Wednesday, April 30th.
A number of other analysts have also recently weighed in on TSCO. Analysts at JPMorgan Chase & Co. cut their price target on shares of Tesco PLC from GBX 250 ($4.22) to GBX 235 ($3.96) in a research note on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Tesco PLC in a research note on Tuesday. They now have a GBX 282 ($4.76) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Tesco PLC in a research note on Thursday, May 1st. They now have a GBX 265 ($4.47) price target on the stock. Thirteen equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 335.43 ($5.66).
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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