Shore Capital Reiterates Buy Rating for Tesco (LON:TSCO)

Shore Capital reaffirmed their buy rating on shares of Tesco (LON:TSCO) in a research note published on Thursday morning, Marketbeat reports.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Tesco from GBX 410 ($5.32) to GBX 400 ($5.19) and set an “overweight” rating on the stock in a report on Monday, January 13th.

Tesco Trading Up 1.8 %

Shares of Tesco stock opened at GBX 320.15 ($4.16) on Thursday. The firm has a market cap of £21.36 billion, a PE ratio of 16.75, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco has a 1 year low of GBX 277.50 ($3.60) and a 1 year high of GBX 398.10 ($5.17). The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a fifty day moving average price of GBX 355.05 and a 200-day moving average price of GBX 358.93.

Tesco (LON:TSCO) last posted its quarterly earnings data on Thursday, April 10th. The retailer reported GBX 27.71 ($0.36) earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Equities research analysts anticipate that Tesco will post 27.374848 EPS for the current year.

Insider Buying and Selling

In related news, insider Gerard Murphy bought 40,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.82) per share, for a total transaction of £148,400 ($192,627.21). In the last 90 days, insiders bought 40,110 shares of company stock valued at $14,881,384. 2.51% of the stock is owned by insiders.

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.