Tesco (LON:TSCO) Receives Buy Rating from Shore Capital

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

TSCO has been the subject of a number of other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 295 ($3.88) price objective on shares of Tesco in a report on Thursday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of Tesco from GBX 280 ($3.68) to GBX 300 ($3.95) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Barclays restated an “overweight” rating on shares of Tesco in a report on Tuesday, November 26th. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 ($4.08) price objective on shares of Tesco in a report on Thursday, January 2nd. Finally, HSBC restated a “hold” rating on shares of Tesco in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Tesco has a consensus rating of “Buy” and a consensus target price of GBX 289.45 ($3.81).

Shares of TSCO stock opened at GBX 243 ($3.20) on Friday. The company has a debt-to-equity ratio of 123.58, a quick ratio of 0.47 and a current ratio of 0.80. The stock has a market capitalization of $23.76 billion and a P/E ratio of 18.13. The company has a 50 day moving average price of GBX 249.12 and a 200 day moving average price of GBX 236.30. Tesco has a fifty-two week low of GBX 210.70 ($2.77) and a fifty-two week high of GBX 293.40 ($3.86).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

See Also: Why do companies engage in swaps?

Analyst Recommendations for Tesco (LON:TSCO)

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.