Tesco (LON:TSCO) Rating Reiterated by Shore Capital

Tesco (LON:TSCOGet Rating)‘s stock had its “hold” rating reissued by equities researchers at Shore Capital in a report issued on Friday, MarketBeat Ratings reports.

TSCO has been the subject of a number of other reports. Barclays reissued an “overweight” rating and issued a GBX 325 ($4.01) price target on shares of Tesco in a research note on Wednesday, April 13th. Berenberg Bank decreased their target price on shares of Tesco from GBX 327 ($4.03) to GBX 320 ($3.95) and set a “buy” rating for the company in a research note on Thursday, April 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tesco currently has a consensus rating of “Buy” and a consensus price target of GBX 318.75 ($3.93).

TSCO stock opened at GBX 274.10 ($3.38) on Friday. Tesco has a 1 year low of GBX 221.70 ($2.73) and a 1 year high of GBX 304.10 ($3.75). The company has a market cap of £20.88 billion and a P/E ratio of 14.35. The firm has a 50-day moving average of GBX 273.57 and a 200 day moving average of GBX 281.79. The company has a debt-to-equity ratio of 98.17, a current ratio of 0.76 and a quick ratio of 0.58.

About Tesco (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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