Tesco (LON:TSCO) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Tuesday, MarketBeat reports. Jefferies Financial Group currently has a GBX 440 target price on the retailer’s stock.

TSCO has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Tesco in a research report on Friday, October 3rd. Citigroup increased their price target on Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tesco presently has a consensus rating of “Buy” and an average price target of GBX 461.25.

Tesco Stock Down 0.3%

Tesco stock opened at GBX 457.30 on Tuesday. The company has a 50-day simple moving average of GBX 439.25 and a 200-day simple moving average of GBX 408.44. The firm has a market capitalization of £29.60 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. Tesco has a one year low of GBX 310.30 and a one year high of GBX 461.60.

Tesco (LON:TSCO) last posted its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. As a group, equities analysts expect that Tesco will post 27.374848 earnings per share for the current year.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.