Tesco (LON:TSCO) Earns Buy Rating from Shore Capital Group

Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,Digital Look reports.

A number of other analysts also recently weighed in on TSCO. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Jefferies Financial Group cut their target price on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating on the stock in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Tesco currently has an average rating of “Moderate Buy” and an average price target of GBX 465.

Tesco Stock Up 1.9%

Shares of Tesco stock opened at GBX 480.63 on Thursday. The business has a fifty day simple moving average of GBX 476.61 and a 200 day simple moving average of GBX 454.73. The stock has a market cap of £30.55 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 138.46. Tesco has a 12 month low of GBX 343.60 and a 12 month high of GBX 508.20.

Tesco (LON:TSCO) last issued its earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. The firm had revenue of GBX 7,371 million for the quarter. Tesco had a return on equity of 13.57% and a net margin of 2.14%. Research analysts predict that Tesco will post 27.374848 EPS 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.