Tesco (LON:TSCO) Rating Reiterated by Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Tesco (LON:TSCO) in a research report released on Wednesday, February 7th. Deutsche Bank currently has a GBX 240 ($3.32) price target on the retailer’s stock.

Several other research firms have also recently commented on TSCO. Shore Capital restated a buy rating on shares of Tesco in a report on Monday, February 5th. Beaufort Securities restated a hold rating and set a GBX 225 ($3.11) price target (up from GBX 210 ($2.90)) on shares of Tesco in a report on Monday, January 29th. Credit Suisse Group raised their price target on shares of Tesco from GBX 165 ($2.28) to GBX 185 ($2.56) and gave the stock an underperform rating in a report on Monday, January 22nd. Goldman Sachs Group reaffirmed a top pick rating and set a GBX 220 ($3.04) price objective on shares of Tesco in a research report on Thursday, January 4th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 185 ($2.56) price objective on shares of Tesco in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 204 ($2.82).

Tesco (LON:TSCO) opened at GBX 203.90 ($2.82) on Wednesday. Tesco has a 12-month low of GBX 165.35 ($2.28) and a 12-month high of GBX 217.10 ($3.00). The firm has a market cap of $16,650.00 and a PE ratio of 3,398.33.

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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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