Berenberg Bank Upgrades Tesco (TSCDY) to “Buy”

Tesco (OTCMKTS:TSCDY) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other brokerages also recently weighed in on TSCDY. Zacks Investment Research upgraded Tesco from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Thursday, March 22nd. Jefferies Group upgraded Tesco from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. ValuEngine downgraded Tesco from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Barclays restated an “overweight” rating on shares of Tesco in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.50.

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Shares of TSCDY stock opened at $8.59 on Friday. Tesco has a 1-year low of $6.34 and a 1-year high of $9.03. The firm has a market cap of $23,196.17, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.50.

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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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