Tesco PLC Receives Buy Rating from Deutsche Bank (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 342 ($5.83) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 20.02% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 275 ($4.68) price target on the stock. Separately, analysts at BNP Paribas downgraded shares of Tesco PLC to a “neutral” rating in a research note on Tuesday, June 24th. They now have a GBX 305 ($5.20) price target on the stock, down previously from GBX 355 ($6.05). Thirteen research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Tesco PLC presently has an average rating of “Hold” and an average target price of GBX 330.19 ($5.62).
Shares of Tesco PLC (LON:TSCO) traded up 0.28% during mid-day trading on Wednesday, hitting GBX 284.95. 10,222,816 shares of the company’s stock traded hands. Tesco PLC has a 52-week low of GBX 278.50 and a 52-week high of GBX 382.00. The stock’s 50-day moving average is GBX 295.5 and its 200-day moving average is GBX 308.6. The company’s market cap is £23.010 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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