Tesco (LON:TSCO) Rating Lowered to Hold at Shore Capital Group

Tesco (LON:TSCO) was downgraded by investment analysts at Shore Capital Group to a “hold” rating in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 480 target price on the retailer’s stock, down from their prior target price of GBX 525. Shore Capital Group’s target price would indicate a potential upside of 6.67% from the stock’s current price.

A number of other equities analysts also recently issued reports on TSCO. JPMorgan Chase & Co. lifted their price target on Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 430 target price on shares of Tesco in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 483.75.

Tesco Trading Down 2.5%

LON:TSCO opened at GBX 449.98 on Wednesday. The company has a debt-to-equity ratio of 131.55, a current ratio of 0.59 and a quick ratio of 0.60. Tesco has a one year low of GBX 411.10 and a one year high of GBX 520.60. The company has a market cap of £28.19 billion, a PE ratio of 16.60, a PEG ratio of 1.43 and a beta of 0.57. The firm has a 50-day moving average of GBX 468.30 and a 200-day moving average of GBX 467.85.

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.