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

Jefferies Financial Group reissued their hold rating on shares of Tesco (LON:TSCO) in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a GBX 480 price objective on the retailer’s stock.

TSCO has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their target price on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Finally, Shore Capital Group cut shares of Tesco to a “hold” rating and cut their price objective for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 500.

Tesco Stock Performance

LON:TSCO opened at GBX 506.70 on Thursday. The company has a debt-to-equity ratio of 127.34, a quick ratio of 0.60 and a current ratio of 0.62. The company has a 50 day simple moving average of GBX 470.29 and a two-hundred day simple moving average of GBX 468.96. Tesco has a fifty-two week low of GBX 411.70 and a fifty-two week high of GBX 520.60. The company has a market capitalization of £31.56 billion, a PE ratio of 18.70, a P/E/G ratio of 1.43 and a beta of 0.57.

Tesco (LON:TSCO) last posted its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. Research analysts anticipate that Tesco will post 27.37 earnings per share for the current year.

Key Stories Impacting Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco reported a 6.3% increase in first-half adjusted operating profit to £1.78 billion and raised the lower end of its fiscal 2027 outlook as sales and profitability improved. Tesco First-Half Adjusted Operating Profit Rises
• Positive Sentiment: The retailer increased its planned fiscal 2027 share-buyback allocation to £950 million. Buybacks can support earnings per share and signal management confidence in cash generation. Tesco Hikes Share Buybacks
• Positive Sentiment: Deutsche Bank raised its price target from GBX 525 to GBX 550 and upgraded Tesco to “buy,” adding to the bullish interpretation of the earnings update.
• Positive Sentiment: Tesco appointed Wendy Becker as a non-executive director, effective November 1, strengthening the board with an experienced retail and technology executive. Tesco Appoints Wendy Becker
• Neutral Sentiment: Shore Capital and Jefferies both maintained “hold” ratings with GBX 480 price targets, showing that some analysts view the recent rally and improved outlook as largely reflected in the valuation.
• Negative Sentiment: Tesco expects a consumer moderation trend to reduce festive alcohol sales, creating a potential headwind for seasonal revenue and comparable-store growth. Tesco Expects Moderation Trend to Curb Festive Alcohol Sales

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.