Tesco PLC (LON:TSCO) had its target price raised by analysts at Deutsche Bank AG from GBX 185 ($2.41) to GBX 230 ($3.00) in a report released on Thursday. The firm presently has a “hold” rating on the retailer’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 11.06% from the stock’s current price.
A number of other analysts have also commented on the stock. Macquarie reiterated an “outperform” rating and issued a GBX 250 ($3.26) price target on shares of Tesco PLC in a research note on Monday, September 19th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 166 ($2.17) price target on shares of Tesco PLC in a research note on Wednesday. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Tesco PLC in a research note on Tuesday, August 23rd. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Tesco PLC in a research note on Monday, September 12th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Tesco PLC presently has an average rating of “Hold” and an average price target of GBX 192.37 ($2.51).
Tesco PLC (LON:TSCO) opened at 202.964 on Thursday. The company’s market capitalization is GBX 16.50 billion. Tesco PLC has a 52-week low of GBX 137.00 and a 52-week high of GBX 214.85. The stock’s 50 day moving average is GBX 171.17 and its 200-day moving average is GBX 169.36.
Tesco PLC Company Profile
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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