Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Tesco (LON:TSCO) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Tesco's stock from GBX 470 to GBX 495, maintaining a "buy" rating and indicating a potential upside of 8.72% based on current prices.
• Other analysts, including Citigroup and JPMorgan Chase & Co., have also increased their price targets, with a consensus rating of "Buy" and an average target of GBX 468.33 for Tesco.
• Tesco reported earnings of GBX 15.61 per share for the last quarter, with a projected EPS of 27.37 for the current fiscal year, highlighting its ongoing financial performance amidst market challenges.

Tesco (LON:TSCO - Get Free Report) had its price target lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 470 to GBX 495 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a "buy" rating on the retailer's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 8.72% from the stock's current price.

Several other equities research analysts also recently issued reports on TSCO. Citigroup increased their price objective on Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on Tesco from GBX 400 to GBX 450 and gave the company an "overweight" rating in a report on Monday, September 1st. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tesco currently has a consensus rating of "Buy" and an average price target of GBX 468.33.

Tesco Trading Up 0.6%

Shares of Tesco stock opened at GBX 455.30 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. Tesco has a fifty-two week low of GBX 310.30 and a fifty-two week high of GBX 455.60. The firm has a market cap of £29.56 billion, a price-to-earnings ratio of 1,936.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business has a fifty day simple moving average of GBX 428.71 and a 200-day simple moving average of GBX 392.73.

Tesco (LON:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. On average, equities analysts forecast that Tesco will post 27.374848 EPS 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.

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