Tesco (LON:TSCO) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

Tesco (LON:TSCO)‘s stock had its “hold” rating reaffirmed by equities researchers 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 would indicate a potential downside of 6.58% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a research report on Wednesday, September 2nd. Shore Capital Group cut shares of Tesco to a “hold” rating and decreased their price target for the stock from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tesco has a consensus rating of “Moderate Buy” and an average price target of GBX 493.75.

Tesco Stock Up 2.7%

TSCO opened at GBX 513.80 on Thursday. Tesco has a one year low of GBX 411.70 and a one year high of GBX 520.60. The company has a debt-to-equity ratio of 131.55, a quick ratio of 0.60 and a current ratio of 0.59. The stock has a market capitalization of £32.00 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The business’s 50-day simple moving average is GBX 469.95 and its 200-day simple moving average is GBX 468.70.

Tesco (LON:TSCO) last released its quarterly earnings results on Thursday, October 8th. The retailer reported GBX 17.50 EPS for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. Analysts anticipate that Tesco will post 27.374848 EPS for the current year.

Tesco News Roundup

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco raised the lower end of its fiscal 2027 outlook after reporting sales and profit growth for the first half, signaling improved operating momentum and supporting the share-price advance. Tesco lifts lower end of fiscal 2027 outlook as profit and sales grow
• Positive Sentiment: The company increased its planned fiscal 2027 share buybacks to £950 million, strengthening the capital-return case and potentially boosting earnings per share. Tesco increases fiscal 2027 share buyback allocation
• Positive Sentiment: Tesco’s shares reportedly rose sharply after management lifted its profit outlook and expanded the buyback, making the update the primary near-term catalyst. Tesco raises profit outlook and boosts buyback

Tesco Company Profile

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.