Tesco’s (TSCO) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Tesco (LON:TSCO) in a research report report published on Thursday, MarketBeat reports. They currently have a GBX 480 price target on the retailer’s stock.

A number of other research firms have also recently commented on TSCO. JPMorgan Chase & Co. decreased their target price on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Shore Capital Group downgraded Tesco to a “hold” rating and reduced their price target for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Tesco presently has a consensus rating of “Moderate Buy” and an average price target of GBX 493.75.

Tesco Stock Performance

TSCO stock opened at GBX 503.46 on Thursday. The firm has a market cap of £31.36 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.43 and a beta of 0.57. The firm has a 50-day simple moving average of GBX 469.95 and a two-hundred day simple moving average of GBX 468.70. 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.

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

Key Headlines Impacting Tesco

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.