Tesco PLC (OTCMKTS:TSCDY) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Tesco holds a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold recommendations.
• Tesco raised the lower end of its fiscal 2026/27 adjusted operating-profit forecast to £3.15 billion, following a 6.5% increase in first-half adjusted operating profit, and expanded its share-buyback program.
• Shares recently traded at $20.11, near their 12-month high of $20.54. While Deutsche Bank and Jefferies raised price targets, Jefferies cautioned that subdued sales growth and valuation may limit further upside.

Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities analysts have issued reports on TSCDY shares. Erste Group Bank lowered Tesco from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Morgan Stanley reissued an "overweight" rating on shares of Tesco in a research report on Monday, July 6th.

Tesco Trading Up 0.4%

Shares of Tesco stock opened at $20.11 on Friday. The company has a fifty day simple moving average of $19.03 and a 200-day simple moving average of $18.96. Tesco has a 12-month low of $16.65 and a 12-month high of $20.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.39 and a current ratio of 0.59.

Key Headlines Impacting Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco raised the lower end of its fiscal 2026/27 adjusted operating-profit forecast to £3.15 billion from £3.0 billion, after first-half adjusted operating profit increased 6.5% to £1.78 billion. Management also cited continued sales momentum and resilient consumer confidence. Reuters article
• Positive Sentiment: The supermarket increased its share-buyback program, enhancing shareholder returns and signaling confidence in cash generation and the earnings outlook. Tesco raises profit outlook and boosts buyback after strong first half
• Positive Sentiment: Deutsche Bank raised its Tesco price target from 525p to 550p while maintaining a “buy” rating. Jefferies also increased its target, reflecting the stronger earnings performance, although it remained more cautious. Tesco targets rise at Deutsche Bank and Jefferies
• Neutral Sentiment: Tesco announced an interim dividend for the first half of fiscal 2026/27, payable on November 20, reinforcing its shareholder-return policy. Tesco announces interim dividend
• Negative Sentiment: Sales growth remains subdued, and Jefferies’ valuation caution suggests some of the improved outlook may already be reflected in Tesco’s share price. Tesco targets rise at Deutsche Bank and Jefferies

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco's operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.