Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities. In addition, it offers banking and insurance services in the United Kingdom. Further, the company operates a network of one stop convenience stores; and provides data science, technology, software, and consultancy services. Tesco PLC was founded in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.
Tesco Stock Up 1.1 %
Shares of LON:TSCO opened at GBX 266.20 ($3.22) on Tuesday. The business's 50 day simple moving average is GBX 257.99 and its two-hundred day simple moving average is GBX 270.31. The firm has a market cap of £19.94 billion and a P/E ratio of 1,333.61. The company has a debt-to-equity ratio of 98.17, a quick ratio of 0.58 and a current ratio of 0.76. Tesco has a 52-week low of GBX 239 ($2.89) and a 52-week high of GBX 304.10 ($3.67).
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Barclays reaffirmed an "overweight" rating and issued a GBX 325 ($3.93) price objective on shares of Tesco in a report on Monday, May 30th. Shore Capital reaffirmed a "hold" rating on shares of Tesco in a report on Thursday, July 14th. Berenberg Bank reissued a "buy" rating and set a GBX 320 ($3.87) price target on shares of Tesco in a report on Tuesday, July 5th. UBS Group reissued a "buy" rating and set a GBX 330 ($3.99) price target on shares of Tesco in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. set a GBX 330 ($3.99) price target on Tesco in a report on Friday, June 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Tesco has a consensus rating of "Moderate Buy" and an average price target of GBX 321 ($3.88).