Shore Capital Reaffirms “Buy” Rating for Tesco (LON:TSCO)

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a report issued on Friday, MarketBeat Ratings reports.

A number of other analysts have also recently commented on TSCO. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a report on Thursday, January 8th. Jefferies Financial Group dropped their price objective on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating on the stock in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 465.

Tesco Trading Down 0.1%

Shares of TSCO stock opened at GBX 416.02 on Friday. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 480.90. The stock has a market capitalization of £26.46 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.43 and a beta of 0.51. The company’s fifty day simple moving average is GBX 439.40 and its two-hundred day simple moving average is GBX 436.51.

Insider Activity at Tesco

In other news, insider Imran Nawaz purchased 11,961 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were purchased at an average price of GBX 418 per share, for a total transaction of £49,996.98. Also, insider Ken Murphy acquired 11,961 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was purchased at an average price of GBX 418 per share, with a total value of £49,996.98. In the last quarter, insiders bought 23,954 shares of company stock worth $10,012,964. Insiders own 2.04% of the company’s stock.

Tesco Company Profile

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. Serving our customers, communities and planet a little better every day is what we do.