Tesco (LON:TSCO) Earns Buy Rating from Shore Capital
Shore Capital reiterated their buy rating on shares of Tesco (LON:TSCO) in a research note published on Friday, Digital Look reports. Shore Capital currently has a GBX 275 ($3.38) price target on the retailer’s stock.
Several other research firms also recently weighed in on TSCO. Barclays reaffirmed an overweight rating on shares of Tesco in a research report on Wednesday, March 4th. Berenberg Bank cut their price target on Tesco from GBX 280 ($3.45) to GBX 275 ($3.38) and set a buy rating on the stock in a research report on Tuesday, April 28th. HSBC lifted their price target on Tesco from GBX 250 ($3.08) to GBX 280 ($3.45) and gave the stock a buy rating in a research report on Wednesday, April 22nd. Citigroup reissued a buy rating on shares of Tesco in a report on Thursday, June 18th. Finally, Credit Suisse Group upped their price objective on Tesco from GBX 248 ($3.05) to GBX 265 ($3.26) and gave the stock a neutral rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Tesco currently has an average rating of Buy and an average price target of GBX 283.55 ($3.49).
Shares of TSCO opened at GBX 232.10 ($2.86) on Friday. Tesco has a 52-week low of GBX 203.70 ($2.51) and a 52-week high of GBX 332.67 ($4.09). The company has a market capitalization of $22.59 billion and a PE ratio of 23.30. The stock has a fifty day simple moving average of GBX 230.69 and a two-hundred day simple moving average of GBX 238.83. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 128.73.
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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