Tesco (LON:TSCO) Receives Buy Rating from Shore Capital

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a report released on Friday,Digital Look reports.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group reduced their target price on Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Tesco has a consensus rating of “Moderate Buy” and an average target price of GBX 465.

Tesco Trading Down 0.2%

Shares of LON:TSCO opened at GBX 415.40 on Friday. The business’s 50 day moving average price is GBX 439.85 and its 200-day moving average price is GBX 436.17. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 480.90. The firm has a market capitalization of £26.42 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Insider Activity at Tesco

In related news, insider Imran Nawaz acquired 11,961 shares of Tesco stock in a transaction that occurred on Friday, January 9th. The shares were purchased at an average price of GBX 418 per share, for a total transaction of £49,996.98. Also, insider Ken Murphy bought 11,961 shares of the company’s stock in a transaction on Friday, January 9th. The stock was bought at an average price of GBX 418 per share, with a total value of £49,996.98. In the last ninety days, insiders purchased 23,954 shares of company stock valued at $10,012,964. Insiders own 2.04% of the company’s stock.

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. Serving our customers, communities and planet a little better every day is what we do.