Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Tesco (LON:TSCO) Stock
by Amy Steele · The Cerbat GemTesco (LON:TSCO – Get Free Report) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 525 in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 6.14% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 430 price objective on shares of Tesco in a research note on Thursday. Finally, Shore Capital Group restated a “buy” rating on shares of Tesco in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Tesco presently has an average rating of “Moderate Buy” and an average target price of GBX 478.75.
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Tesco Trading Up 1.9%
LON:TSCO opened at GBX 494.65 on Monday. Tesco has a 12 month low of GBX 353.20 and a 12 month high of GBX 508.20. The firm has a fifty day simple moving average of GBX 478.07 and a 200-day simple moving average of GBX 455.52. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The company has a market capitalization of £31.44 billion, a P/E ratio of 21.79, a PEG ratio of 1.43 and a beta of 0.61.
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. 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. On average, equities research analysts anticipate that Tesco will post 27.374848 earnings per share for the current 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.