Tesco’s (TSCO) “Buy” Rating Reiterated at Shore Capital
Shore Capital reiterated their buy rating on shares of Tesco (LON:TSCO) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
TSCO has been the subject of several other research reports. Barclays reaffirmed an overweight rating on shares of Tesco in a research note on Tuesday, November 26th. Kepler Capital Markets raised shares of Tesco to a buy rating and lifted their price target for the company from GBX 236 ($3.10) to GBX 289 ($3.80) in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Tesco from GBX 280 ($3.68) to GBX 300 ($3.95) and gave the company an overweight rating in a research note on Tuesday, January 14th. Goldman Sachs Group lifted their price target on shares of Tesco from GBX 276 ($3.63) to GBX 280 ($3.68) and gave the company a buy rating in a research note on Friday, November 29th. Finally, Deutsche Bank reaffirmed a buy rating on shares of Tesco in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 289.45 ($3.81).
Tesco stock opened at GBX 245.30 ($3.23) on Friday. The company has a 50 day moving average price of GBX 250.49 and a 200-day moving average price of GBX 236.60. The company has a debt-to-equity ratio of 123.58, a quick ratio of 0.47 and a current ratio of 0.80. Tesco has a fifty-two week low of GBX 210.70 ($2.77) and a fifty-two week high of GBX 293.40 ($3.86). The company has a market capitalization of $24.02 billion and a PE ratio of 18.31.
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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