Tesco (LON:TSCO) Price Target Raised to GBX 525 at Deutsche Bank Aktiengesellschaft

Tesco (LON:TSCO) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 525 in a research report released on Monday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the retailer’s stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a research report on Friday. Shore Capital Group reaffirmed a “buy” rating on shares of Tesco in a research report on Thursday, April 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 430 price target 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 478.75.

Tesco Trading Up 1.7%

LON TSCO opened at GBX 493.50 on Monday. The stock has a market cap of £31.36 billion, a P/E ratio of 21.74, a PEG ratio of 1.43 and a beta of 0.61. The company’s fifty day simple moving average is GBX 478.90 and its 200-day simple moving average is GBX 455.83. 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 52 week low of GBX 353.20 and a 52 week high of GBX 508.20.

Tesco (LON:TSCO) last released its quarterly earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. The business had revenue of GBX 7,371 million during the quarter. Equities research analysts predict that Tesco will post 27.374848 EPS for the current fiscal year.

Tesco Company Profile

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.