Tesco PLC Stock Rating Reaffirmed by Deutsche Bank (TSCO)
Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 313 ($5.31) price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 23.42% from the company’s current price.
Tesco PLC (LON:TSCO) opened at 253.60 on Wednesday. Tesco PLC has a 52 week low of GBX 251.85 and a 52 week high of GBX 382.00. The stock has a 50-day moving average of GBX 282.2 and a 200-day moving average of GBX 300.9. The company’s market cap is £20.478 billion.
A number of other analysts have also recently weighed in on TSCO. Analysts at Shore Capital upgraded shares of Tesco PLC to a “hold” rating in a research note on Tuesday, July 29th. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Tesco PLC in a research note on Monday, July 28th. They now have a GBX 325 ($5.52) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Tesco PLC in a research note on Friday, July 25th. They now have a GBX 275 ($4.67) price target on the stock. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 330.80 ($5.62).
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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