Deutsche Bank AG Reiterates Buy Rating for Tesco PLC (TSCO)

Tesco PLC (LON:TSCO)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They currently have a GBX 240 ($3.16) price target on the retailer’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 27.63% from the stock’s previous close.

Several other analysts have also issued reports on the stock. reissued a “buy” rating and issued a GBX 225 ($2.96) price target on shares of Tesco PLC in a research report on Wednesday, July 19th. Credit Suisse Group AG boosted their price target on shares of Tesco PLC from GBX 160 ($2.10) to GBX 165 ($2.17) and gave the company an “underperform” rating in a research report on Monday, October 30th. Shore Capital reissued a “hold” rating on shares of Tesco PLC in a research report on Wednesday, November 1st. Berenberg Bank initiated coverage on shares of Tesco PLC in a research report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 180 ($2.37) price target on the stock. Finally, BNP Paribas lowered shares of Tesco PLC to an “underperform” rating and set a GBX 165 ($2.17) price target on the stock. in a research report on Wednesday, September 13th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Tesco PLC currently has an average rating of “Hold” and a consensus price target of GBX 195.93 ($2.58).

Shares of Tesco PLC (LON:TSCO) opened at GBX 188.05 ($2.47) on Wednesday. Tesco PLC has a 12-month low of GBX 165.35 ($2.17) and a 12-month high of GBX 219.40 ($2.89).

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In other Tesco PLC news, insider John Allan acquired 20,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was bought at an average price of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,191.11). Insiders bought a total of 20,224 shares of company stock valued at $3,781,493 in the last ninety days.

About Tesco PLC

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 PLC (LON:TSCO)

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