Tesco’s (TSCO) Buy Rating Reiterated at Jefferies Financial Group

Tesco (LON:TSCO)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 350 ($4.43) price target on the retailer’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 24.56% from the stock’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Wednesday.

Tesco Stock Performance

LON:TSCO opened at GBX 281 ($3.56) on Thursday. Tesco has a 52 week low of GBX 244.20 ($3.09) and a 52 week high of GBX 306.10 ($3.87). The company has a fifty day simple moving average of GBX 285.53 and a two-hundred day simple moving average of GBX 283.93. The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 129.69. The company has a market cap of £19.78 billion, a price-to-earnings ratio of 1,401.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52.

Insider Activity

In other news, insider Dame Carolyn Fairbairn bought 35,000 shares of the stock in a transaction that occurred on Monday, January 15th. The stock was purchased at an average price of GBX 300 ($3.80) per share, for a total transaction of £105,000 ($132,894.57). In the last three months, insiders have bought 35,144 shares of company stock worth $10,541,403. 2.06% of the stock is currently owned by corporate insiders.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.