Deutsche Bank Reiterates “Buy” Rating for Tesco (TSCO)
Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a report issued on Tuesday.
TSCO has been the subject of a number of other research reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, November 22nd. Goldman Sachs Group upgraded Tesco to a “buy” rating and upped their price target for the stock from GBX 155 ($2.09) to GBX 220 ($2.96) in a report on Tuesday, December 5th. Credit Suisse Group upped their price target on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the stock an “underperform” rating in a report on Monday, October 30th. reiterated a “buy” rating and set a GBX 225 ($3.03) price target on shares of Tesco in a report on Wednesday, September 13th. Finally, Berenberg Bank began coverage on Tesco in a report on Tuesday, October 3rd. They set a “hold” rating and a GBX 180 ($2.42) price target for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 205.29 ($2.76).
Shares of Tesco (TSCO) traded down GBX 0.75 ($0.01) during midday trading on Tuesday, hitting GBX 206.75 ($2.78). 5,703,136 shares of the company were exchanged, compared to its average volume of 31,100,000. Tesco has a fifty-two week low of GBX 165.35 ($2.23) and a fifty-two week high of GBX 215.16 ($2.90). The company has a market capitalization of $16,940.00 and a PE ratio of 3,445.83.
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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