Tesco PLC (OTCMKTS:TSCDY – Free Report) – Investment analysts at Erste Group Bank lifted their FY2028 earnings estimates for shares of Tesco in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the company will earn $1.36 per share for the year, up from their prior forecast of $1.35. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share.
Several other equities research analysts also recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Citigroup started coverage on Tesco in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tesco currently has a consensus rating of “Moderate Buy”.
Tesco Stock Down 0.1%
TSCDY stock opened at $18.54 on Monday. The business’s 50-day moving average price is $18.96 and its two-hundred day moving average price is $19.04. 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 1-year low of $16.65 and a 1-year 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.
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