Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Tesco (LON:TSCO)

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 525 price target on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 15.49% from the stock’s current price.

A number of other research firms also recently issued reports on TSCO. JPMorgan Chase & Co. increased their price objective on Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a report on Friday, April 17th. Shore Capital Group restated a “buy” rating on shares of Tesco in a report on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 430 target price on shares of Tesco in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 478.75.

Tesco Stock Up 0.2%

Tesco stock traded up GBX 0.70 during trading hours on Tuesday, hitting GBX 454.60. 155,965,219 shares of the stock traded hands, compared to its average volume of 42,698,043. The firm’s 50-day moving average price is GBX 468.63 and its two-hundred day moving average price is GBX 458.29. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The company has a market cap of £28.67 billion, a PE ratio of 16.77, a PEG ratio of 1.43 and a beta of 0.58. Tesco has a one year low of GBX 382.42 and a one year high of GBX 508.20.

Tesco (LON:TSCO) last announced its earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. The firm had revenue of GBX 7,371 million during the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. On average, research analysts forecast that Tesco will post 27.374848 EPS for the current year.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group. Serving our customers, communities and planet a little better every day is what we do.