Tesco’s (TSCO) “Hold” Rating Reiterated at Shore Capital Group

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

Several other equities research analysts also recently issued reports on TSCO. Deutsche Bank Aktiengesellschaft increased 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 480 price objective on shares of Tesco in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Tesco currently has an average rating of “Moderate Buy” and an average price target of GBX 500.

Tesco Trading Up 1.3%

LON TSCO opened at GBX 506.70 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 127.34, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market cap of £31.56 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.43 and a beta of 0.57. The stock’s 50-day moving average is GBX 470.29 and its 200-day moving average is GBX 468.96.

Tesco (LON:TSCO) last posted its earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. Sell-side analysts anticipate that Tesco will post 27.37 earnings per share for the current fiscal year.

Key Stories Impacting Tesco

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

About Tesco

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.