Tesco (LON:TSCO) Given Overweight Rating at Barclays

Tesco (LON:TSCO)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a report released on Friday, Digital Look reports. They presently have a GBX 350 ($4.40) price target on the retailer’s stock. Barclays‘s price objective indicates a potential upside of 17.06% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TSCO. Shore Capital reiterated a “buy” rating on shares of Tesco in a report on Wednesday, April 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 ($4.40) price objective on shares of Tesco in a report on Thursday, April 11th.

Tesco Price Performance

LON TSCO opened at GBX 299 ($3.76) on Friday. The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 129.69. The stock has a market capitalization of £21.05 billion, a PE ratio of 1,498.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52. Tesco has a 12-month low of GBX 244.20 ($3.07) and a 12-month high of GBX 306.10 ($3.84). The company has a 50 day moving average price of GBX 287.77 and a two-hundred day moving average price of GBX 285.75.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.