Shore Capital Reiterates Buy Rating for Tesco (TSCO)
Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by Shore Capital in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued research reports about the company. Jefferies Financial Group reissued a “buy” rating on shares of Tesco in a report on Tuesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tesco in a report on Monday. UBS Group reiterated a “buy” rating on shares of Tesco in a research report on Monday. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 265 ($3.46) target price on shares of Tesco in a research note on Tuesday, April 2nd. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 275 ($3.59) price target (up previously from GBX 220 ($2.87)) on shares of Tesco in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company. Tesco presently has an average rating of “Buy” and a consensus target price of GBX 269.07 ($3.52).
Shares of LON TSCO opened at GBX 236.99 ($3.10) on Wednesday. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 266.80 ($3.49). The company has a debt-to-equity ratio of 55.22, a quick ratio of 0.48 and a current ratio of 0.62. The firm has a market cap of $22.94 billion and a PE ratio of 21.16.
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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