Tesco PLC Given New GBX 313 Price Target at Deutsche Bank (TSCO)
Research analysts at Deutsche Bank cut their target price on shares of Tesco PLC (LON:TSCO) from GBX 342 ($5.84) to GBX 313 ($5.35) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 12.85% from the company’s current price.
A number of other firms have also recently commented on TSCO. Analysts at Societe Generale reiterated a “sell” rating on shares of Tesco PLC in a research note on Monday. They now have a GBX 240 ($4.10) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe upgraded shares of Tesco PLC to a “buy” rating in a research note on Monday, July 14th. They now have a GBX 325 ($5.55) price target on the stock, up previously from GBX 282 ($4.82). Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Tesco PLC in a research note on Friday, July 4th. They now have a GBX 305 ($5.21) price target on the stock. Eleven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Tesco PLC has a consensus rating of “Hold” and a consensus target price of GBX 329.38 ($5.63).
Shares of Tesco PLC (LON:TSCO) traded down 3.91% during mid-day trading on Tuesday, hitting GBX 277.35. The stock had a trading volume of 34,084,416 shares. Tesco PLC has a one year low of GBX 276.55 and a one year high of GBX 382.00. The stock has a 50-day moving average of GBX 288.2 and a 200-day moving average of GBX 303.9. The company’s market cap is £22.396 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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