Berenberg Bank Upgrades Tesco (TSCDY) to Buy

Berenberg Bank upgraded shares of Tesco (OTCMKTS:TSCDY) from a hold rating to a buy rating in a research report report published on Friday morning, The Fly reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Tesco from a hold rating to a buy rating and set a $9.75 target price for the company in a research report on Thursday, March 22nd. Jefferies Group upgraded Tesco from a hold rating to a buy rating in a research report on Monday, March 5th. ValuEngine lowered Tesco from a buy rating to a hold rating in a research report on Monday, April 2nd. Finally, Barclays restated an overweight rating on shares of Tesco in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Tesco presently has a consensus rating of Buy and an average target price of $9.50.

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Shares of Tesco stock traded up $0.10 during trading on Friday, hitting $8.59. 230,172 shares of the company were exchanged, compared to its average volume of 317,442. The firm has a market capitalization of $23,196.17, a P/E ratio of 31.81, a PEG ratio of 1.10 and a beta of 0.50. Tesco has a 1-year low of $6.34 and a 1-year high of $9.03.

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Tesco Company Profile

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.

The Fly

Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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