Tesco (TSCO) Rating Reiterated by Barclays
Other research analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating on shares of Tesco in a research note on Monday, April 8th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 265 ($3.46) price target on shares of Tesco in a research note on Tuesday, April 2nd. Deutsche Bank increased their price target on Tesco from GBX 275 ($3.59) to GBX 300 ($3.92) and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group increased their price target on Tesco from GBX 265 ($3.46) to GBX 275 ($3.59) and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 295 ($3.85) price target on shares of Tesco in a research note on Tuesday, January 22nd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 280.33 ($3.66).
Shares of TSCO opened at GBX 239.40 ($3.13) on Friday. Tesco has a 52 week low of GBX 187.05 ($2.44) and a 52 week high of GBX 266.80 ($3.49). The firm has a market capitalization of $23.30 billion and a PE ratio of 17.60. The company has a debt-to-equity ratio of 49.02, a current ratio of 0.61 and a quick ratio of 0.48.
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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