Tesco’s (TSCO) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Tesco (LON:TSCO – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 525 target price on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 15.49% from the company’s current price.

Several other research firms also recently commented on TSCO. JPMorgan Chase & Co. raised their price objective on Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Shore Capital Group reissued a “buy” rating on shares of Tesco in a report on Thursday, April 16th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 430 target price on shares of Tesco in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 478.75.

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Tesco Stock Performance

TSCO stock traded up GBX 0.70 on Tuesday, hitting GBX 454.60. The company had a trading volume of 155,965,219 shares, compared to its average volume of 42,698,043. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. Tesco has a 12-month low of GBX 382.42 and a 12-month high of GBX 508.20. The stock has a market cap of £28.67 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.43 and a beta of 0.58. The stock’s 50-day simple moving average is GBX 468.63 and its 200 day simple moving average is GBX 458.29.

Tesco (LON:TSCO – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 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%. As a group, equities research analysts expect that Tesco will post 27.374848 earnings per share for the current fiscal year.

Tesco Company Profile

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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.

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