Tesco’s (TSCO) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 440 price target on the retailer’s stock.

Several other brokerages also recently weighed in on TSCO. JPMorgan Chase & Co. restated an “overweight” rating on shares of Tesco in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a research note on Friday, October 3rd. Shore Capital restated a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 461.25.

Tesco Price Performance

Shares of TSCO opened at GBX 461.80 on Tuesday. The company has a market cap of £29.89 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Tesco has a twelve month low of GBX 310.30 and a twelve month high of GBX 462.45. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company has a 50 day moving average of GBX 440.45 and a two-hundred day moving average of GBX 409.73.

Tesco (LON:TSCO) last announced its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. As a group, analysts predict that Tesco will post 27.374848 earnings per share for the current fiscal year.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.