Deutsche Bank Reiterates Buy Rating for Tesco (LON:TSCO)

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also issued reports on TSCO. Barclays boosted their price target on Brown-Forman from $51.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 280 ($3.66) price target on shares of in a research note on Wednesday, June 19th. UBS Group set a $210.00 price target on Alibaba Group and gave the company a “buy” rating in a research note on Tuesday, June 11th. HSBC set a $46.00 target price on Aqua America and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 278.80 ($3.64).

Shares of TSCO opened at GBX 242.10 ($3.16) on Friday. Tesco has a 52-week low of GBX 187.05 ($2.44) and a 52-week high of GBX 266.80 ($3.49). The company has a debt-to-equity ratio of 49.02, a quick ratio of 0.48 and a current ratio of 0.61. The firm has a 50 day simple moving average of GBX 231.07. The firm has a market capitalization of $23.71 billion and a price-to-earnings ratio of 17.80.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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