Deutsche Bank restated their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Tuesday. The brokerage currently has a GBX 240 ($3.21) price target on the retailer’s stock.
Other equities research analysts have also issued reports about the stock. BNP Paribas lowered shares of Tesco to an underperform rating and set a GBX 165 ($2.21) price objective for the company. in a report on Wednesday, September 13th. Macquarie reaffirmed an outperform rating and set a GBX 250 ($3.34) price objective on shares of Tesco in a report on Tuesday, September 26th. Jefferies Group increased their price objective on shares of Tesco from GBX 180 ($2.41) to GBX 185 ($2.47) and gave the company a hold rating in a report on Thursday, September 28th. Kepler Capital Markets reaffirmed a hold rating and set a GBX 189 ($2.53) price objective on shares of Tesco in a report on Thursday, September 28th. Finally, Shore Capital reaffirmed a hold rating on shares of Tesco in a report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Tesco presently has a consensus rating of Hold and an average price target of GBX 205.29 ($2.74).
Shares of Tesco (LON TSCO) opened at GBX 210.60 ($2.82) on Tuesday. The stock has a market cap of $17,300.00 and a P/E ratio of 3,510.00. Tesco has a fifty-two week low of GBX 165.35 ($2.21) and a fifty-two week high of GBX 215.16 ($2.88).
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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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