Tesco (LON:TSCO) Price Target Raised to GBX 495 at Deutsche Bank Aktiengesellschaft

Tesco (LON:TSCO) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 470 to GBX 495 in a research report report published on Friday, Marketbeat reports. The firm currently has a buy rating on the retailer’s stock.

TSCO has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on shares of Tesco from GBX 400 to GBX 450 and gave the company an “overweight” rating in a research report on Monday, September 1st. Citigroup increased their price target on shares of Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 468.33.

Tesco Stock Down 0.8%

Shares of Tesco stock opened at GBX 448.70 on Friday. The stock has a market cap of £29.13 billion, a price-to-earnings ratio of 1,908.55, a PEG ratio of 1.43 and a beta of 0.51. The firm’s 50-day moving average is GBX 429.11 and its two-hundred day moving average is GBX 393.57. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 456.60. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Tesco (LON:TSCO) last released its quarterly earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 EPS for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. As a group, research analysts expect that Tesco will post 27.374848 earnings per share for the current fiscal year.

About Tesco

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.