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

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Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

TSCO has been the subject of several other research reports. Goldman Sachs Group set a $13.00 price target on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, June 13th. UBS Group set a $210.00 price target on Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Morgan Stanley reiterated an “overweight” rating on shares of in a research note on Wednesday, June 19th. Barclays increased their price target on Brown-Forman from $51.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Finally, HSBC set a $46.00 price target on Aqua America and gave the stock a “buy” rating in a research note on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 278.80 ($3.64).

TSCO stock opened at GBX 242.10 ($3.16) on Friday. The company has a debt-to-equity ratio of 49.02, a current ratio of 0.61 and a quick ratio of 0.48. The company has a market cap of $23.71 billion and a P/E ratio of 17.80. Tesco has a fifty-two week low of GBX 187.05 ($2.44) and a fifty-two week high of GBX 266.80 ($3.49). The business’s fifty day moving average price is GBX 231.07.

Tesco Company Profile

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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