Tesco (LON:TSCO) Stock Keeps “Hold” Rating at Jefferies Financial Group

Tesco (LON:TSCO)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a GBX 480 price target on the retailer’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 5.27% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Shore Capital Group cut Tesco to a “hold” rating and reduced their price objective for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Two 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.com, Tesco presently has a consensus rating of “Moderate Buy” and an average target price of GBX 500.

Tesco Trading Up 1.3%

Tesco stock traded up GBX 6.30 during midday trading on Thursday, reaching GBX 506.70. 39,045,453 shares of the stock traded hands, compared to its average volume of 39,791,203. The company has a 50-day simple moving average of GBX 470.29 and a two-hundred day simple moving average of GBX 468.96. Tesco has a 12-month low of GBX 411.70 and a 12-month high of GBX 520.60. The firm has a market cap of £31.56 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. 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 earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. Research analysts expect that Tesco will post 27.37 earnings per share for the current fiscal year.

Key Stories Impacting Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco reported a 6.3% increase in first-half adjusted operating profit to £1.78 billion and raised the lower end of its fiscal 2027 outlook as sales and profitability improved. Tesco First-Half Adjusted Operating Profit Rises
• Positive Sentiment: The retailer increased its planned fiscal 2027 share-buyback allocation to £950 million. Buybacks can support earnings per share and signal management confidence in cash generation. Tesco Hikes Share Buybacks
• Positive Sentiment: Deutsche Bank raised its price target from GBX 525 to GBX 550 and upgraded Tesco to “buy,” adding to the bullish interpretation of the earnings update.
• Positive Sentiment: Tesco appointed Wendy Becker as a non-executive director, effective November 1, strengthening the board with an experienced retail and technology executive. Tesco Appoints Wendy Becker
• Neutral Sentiment: Shore Capital and Jefferies both maintained “hold” ratings with GBX 480 price targets, showing that some analysts view the recent rally and improved outlook as largely reflected in the valuation.
• Negative Sentiment: Tesco expects a consumer moderation trend to reduce festive alcohol sales, creating a potential headwind for seasonal revenue and comparable-store growth. Tesco Expects Moderation Trend to Curb Festive Alcohol Sales

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.