TESCO (LON:TSCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 428 ($6.69) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 15.04% from the stock’s previous close.
Shares of TESCO (LON:TSCO) opened at 372.05 on Wednesday. TESCO has a one year low of GBX 306.40 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 368.5 and its 200-day moving average is GBX 365.7. The company’s market cap is £29.905 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of TESCO (LON:TSCO) in a research note to investors on Tuesday. They now have a GBX 425 ($6.64) price target on the stock. Separately, analysts at Santander reiterated a “buy” rating on shares of TESCO (LON:TSCO) in a research note to investors on Friday, September 6th. They now have a GBX 425 ($6.64) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TESCO (LON:TSCO) in a research note to investors on Wednesday, September 4th. They now have a GBX 390 ($6.10) price target on the stock.
Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 387.14 ($6.05).
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.