Tesco PLC (TSCO) Price Target Increased to GBX 230 by Analysts at Deutsche Bank AG
Tesco PLC (LON:TSCO) had its price target upped by analysts at Deutsche Bank AG from GBX 185 ($2.41) to GBX 230 ($3.00) in a report released on Thursday. The firm currently has a “hold” rating on the retailer’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 11.06% from the stock’s previous close.
TSCO has been the topic of a number of other reports. Societe Generale decreased their price objective on shares of Tesco PLC from GBX 150 ($1.96) to GBX 130 ($1.70) and set a “sell” rating on the stock in a research note on Friday, June 17th. Barclays PLC reissued an “overweight” rating and issued a GBX 215 ($2.81) price objective on shares of Tesco PLC in a research note on Wednesday, September 14th. HSBC reissued a “buy” rating and issued a GBX 275 ($3.59) price objective on shares of Tesco PLC in a research note on Monday, June 27th. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 115 ($1.50) price objective on shares of Tesco PLC in a research note on Monday, July 4th. Finally, Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research note on Thursday, June 23rd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Tesco PLC currently has a consensus rating of “Hold” and an average price target of GBX 192.37 ($2.51).
Shares of Tesco PLC (LON:TSCO) opened at 202.964 on Thursday. The company’s market capitalization is GBX 16.50 billion. The company’s 50-day moving average price is GBX 171.17 and its 200-day moving average price is GBX 169.36. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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