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 Performance
Tesco stock traded up GBX 1.60 ($0.02) during mid-day trading on Tuesday, reaching GBX 263.70 ($3.19). The company's stock had a trading volume of 11,264,257 shares, compared to its average volume of 19,723,953. Tesco has a 12-month low of GBX 233.37 ($2.82) and a 12-month high of GBX 304.10 ($3.67). The company has a market capitalization of £19.75 billion and a P/E ratio of 1,318.50. The company has a debt-to-equity ratio of 98.17, a quick ratio of 0.58 and a current ratio of 0.76. The firm's fifty day moving average price is GBX 257.65 and its two-hundred day moving average price is GBX 271.07.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TSCO. JPMorgan Chase & Co. set a GBX 330 ($3.99) price target on shares of Tesco in a research report on Friday, June 17th. UBS Group reissued a "buy" rating and set a GBX 330 ($3.99) target price on shares of Tesco in a research report on Friday, June 17th. Barclays reissued an "overweight" rating and set a GBX 325 ($3.93) target price on shares of Tesco in a research report on Monday, May 30th. Shore Capital restated a "hold" rating on shares of Tesco in a research note on Thursday, July 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of Tesco in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 321 ($3.88).