Tesco (LON:TSCO) Receives “Hold” Rating from Shore Capital

Tesco (LON:TSCOGet Rating)‘s stock had its “hold” rating reaffirmed by analysts at Shore Capital in a report released on Thursday, Marketbeat Ratings reports.

TSCO has been the subject of several other research reports. Berenberg Bank lowered their price objective on shares of Tesco from GBX 327 ($4.08) to GBX 320 ($4.00) and set a “buy” rating for the company in a research report on Thursday, April 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 330 ($4.12) price target on shares of Tesco in a research note on Wednesday, January 5th. Barclays reiterated an “overweight” rating and issued a GBX 325 ($4.06) price target on shares of Tesco in a research note on Wednesday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesco in a research note on Tuesday, April 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 318.75 ($3.98).

Shares of TSCO stock opened at GBX 272.10 ($3.40) on Thursday. The firm has a fifty day moving average of GBX 274.65 and a 200-day moving average of GBX 281.68. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 116.80. Tesco has a 12-month low of GBX 221.70 ($2.77) and a 12-month high of GBX 304.10 ($3.80). The company has a market capitalization of £20.73 billion and a price-to-earnings ratio of 3.22.

Tesco Company Profile (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through operating 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 wholesaling activities.

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