Tesco (LON:TSCO) Rating Reiterated by Berenberg Bank

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also weighed in on TSCO. Jefferies Financial Group restated a “buy” rating on shares of Tesco in a report on Monday. HSBC boosted their price objective on shares of Tesco from GBX 250 ($3.08) to GBX 280 ($3.45) and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Citigroup restated a “buy” rating on shares of Tesco in a report on Thursday, June 18th. UBS Group restated a “buy” rating on shares of Tesco in a report on Friday, June 19th. Finally, Credit Suisse Group upped their price target on shares of Tesco from GBX 248 ($3.05) to GBX 265 ($3.26) and gave the company a “neutral” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 283.55 ($3.49).

Shares of TSCO opened at GBX 228.10 ($2.81) on Monday. The firm has a market cap of $22.73 billion and a price-to-earnings ratio of 23.44. The company has a debt-to-equity ratio of 128.73, a quick ratio of 0.58 and a current ratio of 0.73. Tesco has a fifty-two week low of GBX 203.70 ($2.51) and a fifty-two week high of GBX 332.67 ($4.09). The firm has a 50 day moving average price of GBX 230.56 and a 200-day moving average price of GBX 238.78.

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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