Tesco (LON:TSCO) Rating Reiterated by Deutsche Bank

Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research report issued to clients and investors on Monday, Stock Target Advisor reports.

Other equities research analysts also recently issued research reports about the stock. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, November 19th. Barclays reaffirmed an “overweight” rating on shares of Tesco in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their price target on shares of Tesco from GBX 275 ($3.62) to GBX 285 ($3.75) and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Tesco in a research note on Monday, September 23rd. Finally, Investec boosted their target price on shares of Tesco from GBX 255 ($3.35) to GBX 270 ($3.55) and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Thirteen investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of GBX 287.50 ($3.78).

Tesco stock opened at GBX 240.30 ($3.16) on Monday. Tesco has a 12-month low of GBX 187.05 ($2.46) and a 12-month high of GBX 293.40 ($3.86). The company has a market capitalization of $23.53 billion and a price-to-earnings ratio of 17.93. The company has a debt-to-equity ratio of 123.58, a current ratio of 0.80 and a quick ratio of 0.47. The firm’s fifty day moving average price is GBX 235.43 and its 200 day moving average price is GBX 231.73.

In related news, insider Mikael Olsson bought 15,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was bought at an average price of GBX 235 ($3.09) per share, with a total value of £35,250 ($46,369.38).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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