Tesco PLC (TSCO) Receives Hold Rating from Deutsche Bank AG
Tesco PLC (LON:TSCO)‘s stock had its “hold” rating restated by Deutsche Bank AG in a research report issued on Wednesday. They currently have a GBX 185 ($2.41) target price on the retailer’s stock. Deutsche Bank AG’s price objective points to a potential upside of 3.99% from the stock’s current price.
A number of other equities research analysts have also weighed in on TSCO. Barclays PLC restated an “equal weight” rating and issued a GBX 225 ($2.94) target price on shares of Tesco PLC in a report on Wednesday, June 1st. BNP Paribas reiterated an “outperform” rating and issued a GBX 195 ($2.55) price objective on shares of Tesco PLC in a research note on Wednesday, June 1st. Jefferies Group reiterated a “hold” rating and issued a GBX 185 ($2.41) price objective on shares of Tesco PLC in a research note on Wednesday. HSBC reiterated a “buy” rating and issued a GBX 275 ($3.59) price objective on shares of Tesco PLC in a research note on Wednesday, June 1st. Finally, Credit Suisse Group AG decreased their price objective on shares of Tesco PLC from GBX 135 ($1.76) to GBX 115 ($1.50) and set an “underperform” rating for the company in a research note on Wednesday, May 25th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 193.42 ($2.52).
Shares of Tesco PLC (LON:TSCO) opened at 177.00 on Wednesday. The company’s market capitalization is GBX 14.39 billion. The company has a 50 day moving average price of GBX 162.97 and a 200 day moving average price of GBX 170.02. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 205.90.
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Tesco PLC Company Profile
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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