Tesco (LON:TSCO) Price Target Raised to GBX 550

Tesco (LON:TSCO) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 525 to GBX 550 in a research report issued to clients and investors on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 8.31% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Shore Capital Group reissued a “hold” rating and issued a GBX 480 target price on shares of Tesco in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 480 price target on shares of Tesco in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a research report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 500.

Tesco Stock Up 1.5%

TSCO stock opened at GBX 507.80 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The firm has a 50 day simple moving average of GBX 469.95 and a 200-day simple moving average of GBX 468.70. The company has a market capitalization of £31.63 billion, a P/E ratio of 18.74, a PEG ratio of 1.43 and a beta of 0.57. Tesco has a twelve month low of GBX 411.70 and a twelve month high of GBX 520.60.

Tesco (LON:TSCO) last posted its quarterly earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share (EPS) for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. On average, equities research analysts predict that Tesco will post 27.374848 earnings per share for the current fiscal year.

Key Stories Impacting Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco raised the lower end of its fiscal 2027 outlook after reporting sales and profit growth for the first half, signaling improved operating momentum and supporting the share-price advance. Tesco lifts lower end of fiscal 2027 outlook as profit and sales grow
• Positive Sentiment: The company increased its planned fiscal 2027 share buybacks to £950 million, strengthening the capital-return case and potentially boosting earnings per share. Tesco increases fiscal 2027 share buyback allocation
• Positive Sentiment: Tesco’s shares reportedly rose sharply after management lifted its profit outlook and expanded the buyback, making the update the primary near-term catalyst. Tesco raises profit outlook and boosts buyback

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.