Tesco (TSCO) Receives Buy Rating from Deutsche Bank
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).
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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