Tesco (TSCO) Stock Rating Reaffirmed by Deutsche Bank

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by Deutsche Bank in a report issued on Tuesday.

Several other brokerages have also issued reports on TSCO. Goldman Sachs Group upgraded Tesco to a “buy” rating and boosted their target price for the company from GBX 155 ($2.09) to GBX 220 ($2.96) in a research note on Tuesday, December 5th. Berenberg Bank restated a “hold” rating and issued a GBX 190 ($2.56) target price on shares of Tesco in a research note on Friday, November 24th. Shore Capital restated a “hold” rating on shares of Tesco in a research note on Wednesday, October 4th. Jefferies Group boosted their target price on Tesco from GBX 180 ($2.42) to GBX 185 ($2.49) and gave the company a “hold” rating in a research note on Thursday, September 28th. Finally, Kepler Capital Markets restated a “hold” rating and issued a GBX 189 ($2.54) target price on shares of Tesco in a research note on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 205.29 ($2.76).

Shares of Tesco (TSCO) opened at GBX 207.40 ($2.79) on Tuesday. Tesco has a one year low of GBX 165.35 ($2.23) and a one year high of GBX 215.16 ($2.90).

In other Tesco news, insider John Allan bought 20,000 shares of Tesco stock in a transaction that occurred on Thursday, October 5th. The stock was acquired at an average cost of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). Over the last 90 days, insiders have purchased 20,234 shares of company stock valued at $3,784,011.

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About Tesco

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.

Analyst Recommendations for Tesco (LON:TSCO)

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