Tesco PLC (TSCO) Rating Reiterated by Deutsche Bank AG
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a GBX 185 ($2.41) price target on the retailer’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 4.14% from the company’s current price.
A number of other brokerages have also weighed in on TSCO. Barclays PLC reaffirmed an “overweight” rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a research report on Wednesday, September 14th. Citigroup Inc. reaffirmed a “buy” rating on shares of Tesco PLC in a research report on Monday, September 12th. Shore Capital reaffirmed a “hold” rating on shares of Tesco PLC in a research report on Wednesday, August 31st. BNP Paribas reaffirmed an “outperform” rating and set a GBX 200 ($2.61) target price on shares of Tesco PLC in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 135 ($1.76) target price on shares of Tesco PLC in a research report on Thursday, September 8th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 193.42 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded down 0.14% on Wednesday, hitting GBX 177.65. The stock had a trading volume of 18,912,063 shares. The company’s market cap is GBX 14.44 billion. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 205.90. The company’s 50 day moving average price is GBX 163.59 and its 200-day moving average price is GBX 169.97.
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About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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