Deutsche Bank Aktiengesellschaft Boosts Tesco (LON:TSCO) Price Target to GBX 525

Tesco (LON:TSCO) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 525 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 18.24% from the company’s current price.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a report on Friday, April 17th. Shore Capital Group restated a “buy” rating and set a GBX 525 price target on shares of Tesco in a research note on Friday, June 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 430 price objective on shares of Tesco in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 488.

Tesco Stock Down 1.2%

TSCO traded down GBX 5.30 during midday trading on Tuesday, hitting GBX 444. The company had a trading volume of 106,640,023 shares, compared to its average volume of 45,136,465. Tesco has a 52 week low of GBX 393.60 and a 52 week high of GBX 520.60. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55. The company has a market capitalization of £28.00 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.43 and a beta of 0.58. The stock’s 50 day moving average price is GBX 464.89 and its 200 day moving average price is GBX 458.90.

Tesco (LON:TSCO) last released its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. The company had revenue of GBX 7,371 million for the quarter. On average, research analysts anticipate that Tesco will post 27.374848 earnings per share for the current fiscal year.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group. Serving our customers, communities and planet a little better every day is what we do.