Barclays reiterated their overweight rating on shares of Tesco (LON:TSCO) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently weighed in on the stock. Goldman Sachs Group reissued a buy rating on shares of Tesco in a research report on Tuesday, August 13th. Investec increased their target price on shares of Tesco from GBX 255 ($3.33) to GBX 270 ($3.53) and gave the company a buy rating in a research report on Wednesday, August 28th. Morgan Stanley reissued an overweight rating on shares of Tesco in a research report on Wednesday, June 19th. Jefferies Financial Group set a GBX 275 ($3.59) target price on shares of Tesco and gave the company a buy rating in a research report on Tuesday, August 27th. Finally, HSBC reissued a buy rating and set a GBX 275 ($3.59) target price on shares of Tesco in a research report on Friday, June 28th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 278 ($3.63).

Tesco stock opened at GBX 236.20 ($3.09) on Monday. Tesco has a twelve month low of GBX 187.05 ($2.44) and a twelve month high of GBX 254.10 ($3.32). The firm has a 50 day moving average price of GBX 221.34 and a 200-day moving average price of GBX 231.81. The company has a market capitalization of $23.11 billion and a P/E ratio of 17.37. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02.

About Tesco

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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Analyst Recommendations for Tesco (LON:TSCO)

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