Tesco (LON:TSCO) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank raised Tesco’s price target from GBX 525 to GBX 550 and maintained a “buy” rating, implying 8.31% potential upside. Analysts overall rate the stock “Moderate Buy,” with an average target of GBX 500.
• Tesco shares opened at GBX 507.80, near the company’s 12-month high of GBX 520.60, with a market capitalization of approximately £31.63 billion.
• Recent positive momentum reflects stronger sales and profit growth, an improved fiscal 2027 outlook, and an increased share-buyback allocation of £950 million.

Tesco (LON:TSCO - Get Free Report) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 525 to GBX 550 in a report issued on Friday, Digital Look reports. The brokerage currently has a "buy" rating on the retailer's stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 8.31% from the company's current price.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 480 target price on shares of Tesco in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research report on Wednesday, September 2nd. Finally, Shore Capital Group restated a "hold" rating and issued a GBX 480 price target on shares of Tesco in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 500.

Tesco Stock Up 1.5%

Shares of Tesco stock opened at GBX 507.80 on Friday. Tesco has a twelve month low of GBX 411.70 and a twelve month high of GBX 520.60. The stock has a market cap of £31.63 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. 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 fifty day moving average price of GBX 469.95 and a 200 day moving average price of GBX 468.70.

Tesco (LON:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 EPS for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. Equities research analysts forecast that Tesco will post 27.374848 earnings per share for the current fiscal year.

Trending Headlines about Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco raised the lower end of its fiscal 2027 outlook after reporting sales and profit growth for the first half, signaling improved operating momentum and supporting the share-price advance. Tesco lifts lower end of fiscal 2027 outlook as profit and sales grow
• Positive Sentiment: The company increased its planned fiscal 2027 share buybacks to £950 million, strengthening the capital-return case and potentially boosting earnings per share. Tesco increases fiscal 2027 share buyback allocation
• Positive Sentiment: Tesco’s shares reportedly rose sharply after management lifted its profit outlook and expanded the buyback, making the update the primary near-term catalyst. Tesco raises profit outlook and boosts buyback

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day. Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.

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