Deutsche Bank Reiterates Buy Rating for Tesco PLC (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 342 ($5.73) target price on the stock. Deutsche Bank’s price objective suggests a potential upside of 16.52% from the stock’s previous close.
A number of other firms have also recently commented on TSCO. Analysts at Grupo Santander reiterated a “buy” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 360 ($6.04) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Friday, May 30th. They now have a GBX 240 ($4.02) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Tesco PLC in a research note on Thursday, May 29th. They now have a GBX 303 ($5.08) price target on the stock. Fourteen investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Tesco PLC has an average rating of “Hold” and an average price target of GBX 333.46 ($5.59).
Shares of Tesco PLC (LON:TSCO) traded down 1.34% during mid-day trading on Wednesday, hitting GBX 293.50. 26,386,840 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 382.00. The stock has a 50-day moving average of GBX 297.2 and a 200-day moving average of GBX 316.0. The company’s market cap is £23.700 billion.
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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