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

Tesco (LON:TSCO)‘s stock had its “hold” rating restated by investment analysts at Shore Capital Group in a research note issued on Thursday, October 8th, Digital Look reports. They presently have a GBX 480 target price on the retailer’s stock. Shore Capital Group’s price target would suggest a potential downside of 9.68% from the company’s current price.

TSCO has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 480 target price on shares of Tesco in a report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tesco currently has an average rating of “Moderate Buy” and an average target price of GBX 500.

Tesco Stock Performance

Shares of TSCO traded up GBX 5.05 during trading hours on Thursday, hitting GBX 531.45. The company had a trading volume of 21,431,559 shares, compared to its average volume of 39,347,039. The firm has a market cap of £33.10 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 127.34. Tesco has a 12 month low of GBX 411.70 and a 12 month high of GBX 535.60. The business has a fifty day moving average of GBX 472.30 and a 200-day moving average of GBX 470.29.

Tesco (LON:TSCO) last issued its quarterly earnings data 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%. Equities analysts anticipate that Tesco will post 27.37 EPS 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. 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.