Tesco (TSCO) Given “Buy” Rating at Deutsche Bank
Deutsche Bank reissued their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Monday morning. They currently have a GBX 240 ($3.25) price objective on the retailer’s stock.
Several other analysts also recently weighed in on TSCO. Bryan, Garnier & Co reissued a sell rating and issued a GBX 170 ($2.31) target price on shares of Tesco in a report on Tuesday, September 12th. BNP Paribas downgraded Tesco to an underperform rating and set a GBX 165 ($2.24) target price for the company. in a report on Wednesday, September 13th. reissued a buy rating and issued a GBX 225 ($3.05) target price on shares of Tesco in a report on Wednesday, September 13th. Macquarie reaffirmed an outperform rating and set a GBX 250 ($3.39) price objective on shares of Tesco in a research note on Tuesday, September 26th. Finally, Kepler Capital Markets reaffirmed a hold rating and set a GBX 189 ($2.56) price objective on shares of Tesco in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Tesco currently has a consensus rating of Hold and an average price target of GBX 203.38 ($2.76).
Shares of Tesco (TSCO) opened at GBX 204.40 ($2.77) on Monday. Tesco has a fifty-two week low of GBX 165.35 ($2.24) and a fifty-two week high of GBX 217.10 ($2.94). The firm has a market capitalization of $16,750.00 and a PE ratio of 3,406.67.
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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