Tesco (TSCO) Receives Buy Rating from Berenberg Bank

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Monday, February 4th. They currently have a GBX 295 ($3.85) target price on the retailer’s stock. Berenberg Bank’s price objective suggests a potential upside of 28.65% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Kepler Capital Markets decreased their target price on Tesco from GBX 261 ($3.41) to GBX 232 ($3.03) and set a “hold” rating for the company in a report on Monday, October 8th. Barclays reissued an “overweight” rating and set a GBX 280 ($3.66) price target on shares of Tesco in a research note on Wednesday, October 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Tesco in a research report on Tuesday, November 13th. UBS Group restated a “buy” rating on shares of Tesco in a research note on Tuesday, December 4th. Finally, HSBC reduced their target price on Tesco from GBX 290 ($3.79) to GBX 265 ($3.46) and set a “buy” rating for the company in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 267.85 ($3.50).

TSCO stock traded up GBX 3.30 ($0.04) during midday trading on Monday, hitting GBX 229.30 ($3.00). The company had a trading volume of 26,364,814 shares, compared to its average volume of 45,150,000. Tesco has a 52 week low of GBX 165.35 ($2.16) and a 52 week high of GBX 217.31 ($2.84).

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

Featured Article: Why is Cost of Capital Important?

Analyst Recommendations for Tesco (LON:TSCO)

Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.