Tesco (LON:TSCO) Stock Rating Reaffirmed as Hold by Shore Capital Group

Key Points

• Shore Capital Group reaffirmed its “Hold” rating on Tesco and maintained a GBX 480 price target, implying approximately 3.91% downside from the reported current price.
• Analyst views remain mixed but lean positive overall: Tesco has a consensus rating of “Moderate Buy” and an average price target of GBX 493.75, with targets ranging from GBX 480 to GBX 525.
• Tesco shares opened at GBX 499.52, while the company reported quarterly EPS of GBX 17.50, a 2.42% net margin, and a 16.05% return on equity.

Tesco (LON:TSCO - Get Free Report)'s stock had its "hold" rating reaffirmed by Shore Capital Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 480 target price on the retailer's stock. Shore Capital Group's price objective indicates a potential downside of 3.91% from the company's current price.

Several other equities analysts have also issued reports on TSCO. JPMorgan Chase & Co. decreased their price target on Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Tesco from GBX 500 to GBX 525 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 480 target price on shares of Tesco in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Tesco currently has a consensus rating of "Moderate Buy" and an average target price of GBX 493.75.

Tesco Price Performance

Shares of LON:TSCO opened at GBX 499.52 on Thursday. The firm has a 50 day moving average of GBX 469.72 and a 200-day moving average of GBX 468.44. Tesco has a 12 month low of GBX 411.70 and a 12 month high of GBX 520.60. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The stock has a market capitalization of £31.11 billion, a PE ratio of 18.43, a PEG ratio of 1.43 and a beta of 0.57.

Tesco (LON:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 EPS for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. On average, equities research analysts predict that Tesco will post 27.374848 EPS for the current fiscal year.

Tesco Company Profile

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.

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