Tesco's (TSCO) "Buy" Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reaffirmed its “buy” rating on Tesco's stock, which is currently priced at GBX 455.30.
• Deutsche Bank has also raised its target price on Tesco from GBX 470 to GBX 495, while Citigroup increased their target from GBX 395 to GBX 460.
• Tesco reported earnings of GBX 15.61 per share for the last quarter, with analysts expecting the company to post an earnings per share of 27.37 for the current year.

Tesco (LON:TSCO - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Shore Capital in a research note issued on Thursday,Digital Look reports.

A number of other analysts also recently issued reports on TSCO. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesco from GBX 470 to GBX 495 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Tesco from GBX 400 to GBX 450 and gave the stock an "overweight" rating in a report on Monday, September 1st. Finally, Citigroup upped their price target on Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 468.33.

Tesco Stock Up 0.6%

TSCO opened at GBX 455.30 on Thursday. The firm has a 50 day moving average price of GBX 428.71 and a 200 day moving average price of GBX 392.73. The company has a market cap of £29.56 billion, a PE ratio of 1,936.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 455.60. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81.

Tesco (LON:TSCO - Get Free Report) last posted its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Sell-side analysts expect that Tesco will post 27.374848 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.