Tesco (LON:TSCO) Stock Rating Reaffirmed as “Hold” by Shore Capital Group

Tesco (LON:TSCO)‘s stock had its “hold” rating restated by analysts at Shore Capital Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 480 target price on the retailer’s stock. Shore Capital Group’s price objective indicates a potential downside of 5.27% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 480 price objective on shares of Tesco in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Tesco from GBX 500 to GBX 525 and gave the company 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 given a Hold rating to the stock. Based on data from MarketBeat, Tesco presently has an average rating of “Moderate Buy” and a consensus price target of GBX 500.

Tesco Trading Up 1.3%

Shares of LON TSCO traded up GBX 6.30 during mid-day trading on Thursday, hitting GBX 506.70. The stock had a trading volume of 39,045,453 shares, compared to its average volume of 39,791,203. The company has a debt-to-equity ratio of 127.34, a quick ratio of 0.60 and a current ratio of 0.62. Tesco has a 1 year low of GBX 411.70 and a 1 year high of GBX 520.60. The business has a 50 day moving average price of GBX 470.29 and a two-hundred day moving average price of GBX 468.96. The firm has a market cap of £31.56 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Tesco (LON:TSCO) last announced 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 2.53% and a return on equity of 16.45%. On average, equities analysts anticipate that Tesco will post 27.37 EPS for the current fiscal year.

Tesco News Summary

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

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.