Tesco (TSCO) Earns “Buy” Rating from Deutsche Bank

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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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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