Shore Capital Reiterates "Buy" Rating for Tesco (LON:TSCO)

Tesco (LON:TSCO - Get Free Report)'s stock had its "buy" rating reissued by analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. reduced their target price on shares of Tesco from GBX 410 ($5.41) to GBX 400 ($5.27) and set an "overweight" rating for the company in a research note on Monday, January 13th.

Tesco Stock Up 2.7 %

Shares of TSCO traded up GBX 9.10 ($0.12) on Thursday, reaching GBX 345.50 ($4.56). The company's stock had a trading volume of 34,084,793 shares, compared to its average volume of 20,196,531. Tesco has a twelve month low of GBX 277.50 ($3.66) and a twelve month high of GBX 398.10 ($5.25). The stock has a market capitalization of £23.06 billion, a PE ratio of 18.08, a PEG ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The firm has a fifty day moving average of GBX 352.93 and a 200-day moving average of GBX 358.49.

Tesco (LON:TSCO - Get Free Report) last posted its earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.37) earnings per share for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. Equities analysts predict that Tesco will post 27.374848 EPS for the current year.

Insider Activity

In related news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of GBX 371 ($4.89) per share, with a total value of £148,400 ($195,675.11). Insiders acquired a total of 80,110 shares of company stock valued at $27,921,384 over the last three months. Corporate insiders own 2.51% of the company's stock.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children's groups, food banks and other good causes. In challenging times, our purpose has guided every part of the Group.