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

Deutsche Bank reiterated their buy rating on shares of Tesco (LON:TSCO) in a research note released on Tuesday, December 19th.

TSCO has been the topic of a number of other reports. Bryan, Garnier & Co reissued a sell rating and set a GBX 170 ($2.31) price objective on shares of Tesco in a research report on Tuesday, September 12th. Credit Suisse Group lowered their price objective on shares of Tesco from GBX 145 ($1.97) to GBX 140 ($1.90) and set an underperform rating on the stock in a research report on Monday, October 2nd. Macquarie reissued an outperform rating and set a GBX 250 ($3.39) price objective on shares of Tesco in a research report on Monday, October 2nd. Shore Capital reissued a hold rating on shares of Tesco in a research report on Wednesday, October 4th. Finally, Goldman Sachs Group upgraded shares of Tesco to a buy rating and raised their target price for the stock from GBX 155 ($2.10) to GBX 220 ($2.98) in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 200.75 ($2.72).

Tesco (LON TSCO) traded up GBX 2.60 ($0.04) during trading on Tuesday, reaching GBX 204.90 ($2.78). 33,744,416 shares of the company’s stock were exchanged, compared to its average volume of 23,170,000. The firm has a market cap of $16,780.00 and a price-to-earnings ratio of 3,415.00. Tesco has a 12 month low of GBX 165.35 ($2.24) and a 12 month high of GBX 217.10 ($2.94).

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About Tesco

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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