Tesco PLC (OTCMKTS:TSCDY – Free Report) – Stock analysts at Erste Group Bank lifted their FY2028 earnings per share estimates for shares of Tesco in a research note issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $1.35 per share for the year, up from their previous estimate of $1.34. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share.
Other equities analysts also recently issued reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Citigroup began coverage on shares of Tesco in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesco in a research report on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Tesco currently has an average rating of “Moderate Buy”.
Tesco Trading Down 1.5%
OTCMKTS TSCDY opened at $19.07 on Tuesday. The business’s 50-day moving average price is $18.85 and its two-hundred day moving average price is $18.93. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. Tesco has a 12 month low of $16.56 and a 12 month high of $20.54.
About Tesco
Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.
The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.
Read More
- Five stocks we like better than Tesco
- 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded
- China’s Athleisure Boom Is Not Lifting Every Brand Equally
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
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.
