Tesco (LON:TSCO) Given New GBX 525 Price Target at Deutsche Bank Aktiengesellschaft

Tesco (LON:TSCO) had its price target hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 525 in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 18.24% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 430 target price on shares of Tesco in a research report on Thursday, April 16th. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 525 target price on shares of Tesco in a research note on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 488.

Tesco Stock Down 1.2%

TSCO stock traded down GBX 5.30 during trading on Tuesday, reaching GBX 444. The stock had a trading volume of 106,640,023 shares, compared to its average volume of 45,136,465. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55. The company has a market capitalization of £28.00 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.43 and a beta of 0.58. Tesco has a one year low of GBX 393.60 and a one year high of GBX 520.60. The company’s 50 day moving average is GBX 464.89 and its two-hundred day moving average is GBX 458.90.

Tesco (LON:TSCO) last released its earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. The company had revenue of GBX 7,371 million during the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. Equities research analysts forecast that Tesco will post 27.374848 EPS for the current year.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group. Serving our customers, communities and planet a little better every day is what we do.