Tesco’s (TSCO) “Buy” Rating Reaffirmed at Deutsche Bank

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a report released on Tuesday, January 2nd. They currently have a GBX 240 ($3.25) target price on the retailer’s stock. Deutsche Bank’s price objective suggests a potential upside of 17.13% from the company’s current price.

A number of other equities analysts have also weighed in on TSCO. reiterated a “buy” rating and set a GBX 225 ($3.05) price objective on shares of Tesco in a research note on Monday, October 2nd. Berenberg Bank restated a “hold” rating and issued a GBX 190 ($2.58) price target on shares of Tesco in a research note on Friday, November 24th. Kepler Capital Markets reiterated a “hold” rating and issued a GBX 189 ($2.56) price objective on shares of Tesco in a report on Thursday, September 28th. Shore Capital restated a “hold” rating on shares of Tesco in a report on Wednesday, November 1st. Finally, Beaufort Securities restated a “buy” rating and set a GBX 210 ($2.85) target price on shares of Tesco in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 200.75 ($2.72).

Tesco (LON TSCO) opened at GBX 204.90 ($2.78) on Tuesday. The company has a market capitalization of $16,780.00 and a price-to-earnings ratio of 3,415.00. 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).

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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.

Analyst Recommendations for Tesco (LON:TSCO)

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