Tesco (LON:TSCO) Rating Reiterated by Shore Capital

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a report issued on Thursday, Analyst Ratings Network reports.

Several other research firms have also weighed in on TSCO. Berenberg Bank reaffirmed a “buy” rating and set a GBX 308 ($4.18) price objective on shares of Tesco in a report on Wednesday, December 1st. Citigroup reaffirmed a “buy” rating and set a GBX 300 ($4.07) price objective on shares of Tesco in a report on Wednesday, December 8th. Barclays raised their price objective on shares of Tesco from GBX 310 ($4.21) to GBX 325 ($4.41) and gave the stock an “overweight” rating in a report on Thursday, October 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 330 ($4.48) price target on shares of Tesco in a report on Wednesday, January 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 315.75 ($4.29).

LON TSCO opened at GBX 285 ($3.87) on Thursday. The firm has a market cap of £21.85 billion and a price-to-earnings ratio of 3.37. The company has a 50 day moving average of GBX 284.55 and a 200-day moving average of GBX 261.78. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 116.80. Tesco has a 1-year low of GBX 217.10 ($2.95) and a 1-year high of GBX 317.55 ($4.31).

Tesco Company Profile

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products in stores and online; and operates mobile virtual network. The company is also involved in the food wholesaling activities; and provision of banking, insurance, and money services.

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Analyst Recommendations for Tesco (LON:TSCO)

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