Tesco PLC (LON:TSCO) Receives Consensus Rating of “Moderate Buy” from Analysts

Tesco PLC (LON:TSCOGet Rating) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 298 ($3.64).

A number of brokerages have recently issued reports on TSCO. Shore Capital reaffirmed a “hold” rating on shares of Tesco in a report on Wednesday, December 14th. JPMorgan Chase & Co. raised their price objective on shares of Tesco from GBX 240 ($2.93) to GBX 270 ($3.29) and gave the stock an “overweight” rating in a report on Monday, December 5th. Finally, Barclays dropped their price objective on shares of Tesco from GBX 325 ($3.97) to GBX 310 ($3.78) and set an “overweight” rating on the stock in a report on Friday, October 21st.

Tesco Stock Performance

Shares of LON TSCO opened at GBX 247.20 ($3.02) on Thursday. The firm’s 50-day moving average price is GBX 231.59 and its 200-day moving average price is GBX 236.64. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 113.89. The company has a market cap of £18.17 billion and a PE ratio of 2,065.00. Tesco has a 52-week low of GBX 194.35 ($2.37) and a 52-week high of GBX 304.10 ($3.71).

Insider Buying and Selling

In other Tesco news, insider Karen Whitworth purchased 17,150 shares of Tesco stock in a transaction that occurred on Tuesday, November 15th. The shares were bought at an average price of GBX 230 ($2.81) per share, for a total transaction of £39,445 ($48,133.01). Over the last 90 days, insiders have acquired 17,276 shares of company stock worth $3,972,253.

About Tesco

(Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 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 and drink wholesaling activities.

Further Reading

Analyst Recommendations for Tesco (LON:TSCO)

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