Tesco’s (TSCO) “Overweight” Rating Reiterated at Barclays
Other equities analysts have also issued research reports about the stock. Shore Capital restated a buy rating on shares of Tesco in a report on Monday, September 2nd. Investec boosted 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 report on Wednesday, August 28th. UBS Group restated a buy rating and issued a GBX 315 ($4.12) target price (up previously from GBX 305 ($3.99)) on shares of Tesco in a report on Tuesday, June 11th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 280 ($3.66) target price on shares of Tesco in a report on Wednesday, June 19th. Finally, Morgan Stanley restated an overweight rating on shares of Tesco in a report on Wednesday, June 19th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tesco currently has a consensus rating of Buy and an average target price of GBX 278 ($3.63).
TSCO stock opened at GBX 236.20 ($3.09) on Monday. The firm has a market cap of $23.11 billion and a price-to-earnings 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. Tesco has a 12-month low of GBX 187.05 ($2.44) and a 12-month high of GBX 254.10 ($3.32). The company’s fifty day simple moving average is GBX 221.34 and its 200 day simple moving average is GBX 231.81.
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.
Featured Story: Initial Coin Offerings entail a high degree of risk
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.