Tesco (TSCO) Stock Rating Reaffirmed by Deutsche Bank
Tesco (LON:TSCO)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued to investors on Wednesday.
TSCO has been the topic of several other reports. Goldman Sachs Group upgraded shares of Tesco to a “buy” rating and boosted their price target for the stock from GBX 155 ($2.09) to GBX 220 ($2.96) in a report on Tuesday, December 5th. Berenberg Bank restated a “hold” rating and set a GBX 190 ($2.56) price target on shares of Tesco in a report on Friday, November 24th. Shore Capital restated a “hold” rating on shares of Tesco in a report on Wednesday, October 4th. Jefferies Group boosted their price target on shares of Tesco from GBX 180 ($2.42) to GBX 185 ($2.49) and gave the stock a “hold” rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets restated a “hold” rating and set a GBX 189 ($2.54) price target on shares of Tesco in a report on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 205.29 ($2.76).
Tesco (LON:TSCO) traded up GBX 0.35 ($0.00) during trading hours on Wednesday, hitting GBX 207.30 ($2.79). 33,182,725 shares of the stock traded hands, compared to its average volume of 31,350,000. Tesco has a one year low of GBX 165.35 ($2.23) and a one year high of GBX 215.16 ($2.90).
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Tesco Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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