Tesco (LON:TSCO) Earns Hold Rating from Jefferies Financial Group

Tesco (LON:TSCO)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, October 8th, Marketbeat.com reports. They currently have a GBX 480 price target on the retailer’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 9.68% from the company’s current price.

TSCO has been the topic of several other research reports. Shore Capital Group lowered shares of Tesco to a “hold” rating and dropped their target price for the company from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price objective on Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 500.

Tesco Stock Performance

Tesco stock traded up GBX 5.05 during mid-day trading on Thursday, hitting GBX 531.45. The company had a trading volume of 21,431,559 shares, compared to its average volume of 39,347,039. The company has a market capitalization of £33.10 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.43 and a beta of 0.57. Tesco has a 12-month low of GBX 411.70 and a 12-month high of GBX 535.60. The company’s fifty day moving average is GBX 472.30 and its 200-day moving average is GBX 470.29. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 127.34.

Tesco (LON:TSCO) last released its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a net margin of 2.53% and a return on equity of 16.45%. Equities research analysts predict that Tesco will post 27.37 EPS for the current year.

About Tesco

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.