Deutsche Bank restated their buy rating on shares of Tesco (LON:TSCO) in a report released on Monday morning. They currently have a GBX 240 ($3.25) price objective on the retailer’s stock.

Several other equities analysts also recently issued reports on the company. Goldman Sachs Group reiterated a top pick rating and set a GBX 220 ($2.98) price objective on shares of Tesco in a research report on Thursday, January 4th. Jefferies Group reiterated a hold rating and set a GBX 185 ($2.51) price objective on shares of Tesco in a research report on Tuesday, January 2nd. Berenberg Bank reiterated a hold rating and set a GBX 190 ($2.58) price objective on shares of Tesco in a research report on Friday, November 24th. Shore Capital reiterated a buy rating on shares of Tesco in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group boosted their price objective on Tesco from GBX 160 ($2.17) to GBX 165 ($2.24) and gave the stock an underperform rating in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 203.38 ($2.76).

Tesco (TSCO) opened at GBX 201.80 ($2.74) on Monday. The stock has a market capitalization of $16,550.00 and a P/E ratio of 3,363.33. Tesco has a 52-week low of GBX 165.35 ($2.24) and a 52-week high of GBX 217.10 ($2.94).

TRADEMARK VIOLATION WARNING: “Tesco (TSCO) Receives Buy Rating from Deutsche Bank” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/tesco-tsco-receives-buy-rating-from-deutsche-bank/1803828.html.

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)

Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.