Shore Capital reiterated their buy rating on shares of Tesco (LON:TSCO – Get Rating) in a report published on Monday, Digital Look reports.
Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Tesco to a buy rating and raised their target price for the company from GBX 260 ($3.23) to GBX 310 ($3.86) in a research note on Monday, March 6th. JPMorgan Chase & Co. raised their price target on Tesco from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the stock an overweight rating in a research report on Tuesday, April 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Tesco currently has a consensus rating of Buy and a consensus target price of GBX 312 ($3.88).
Tesco Price Performance
LON TSCO opened at GBX 265.50 ($3.30) on Monday. The business has a 50 day simple moving average of GBX 269.19 and a 200 day simple moving average of GBX 249.89. Tesco has a 52-week low of GBX 194.35 ($2.42) and a 52-week high of GBX 285.30 ($3.55). The company has a debt-to-equity ratio of 123.29, a quick ratio of 0.60 and a current ratio of 0.72. The stock has a market cap of £19.38 billion, a price-to-earnings ratio of 2,650.00, a PEG ratio of 3.50 and a beta of 0.64.
Tesco Increases Dividend
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.
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.