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

Shore Capital restated their buy rating on shares of Tesco (LON:TSCO – Get Rating) in a report issued on Monday, LSE.Co.UK reports.

A number of other brokerages also recently issued reports on TSCO. JPMorgan Chase & Co. increased their price target on Tesco from GBX 240 ($2.93) to GBX 270 ($3.29) and gave the stock an overweight rating in a research report on Monday, December 5th. Jefferies Financial Group upgraded Tesco to a buy rating and increased their price target for the stock from GBX 260 ($3.17) to GBX 310 ($3.78) in a research report on Monday, March 6th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of GBX 308 ($3.75).

Tesco Stock Performance

Shares of TSCO stock opened at GBX 255 ($3.11) on Monday. The company has a market capitalization of £18.67 billion, a P/E ratio of 1,961.54, a P/E/G ratio of 3.35 and a beta of 0.64. The business’s 50 day moving average is GBX 248.16 and its two-hundred day moving average is GBX 233.17. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 113.89. Tesco has a 12-month low of GBX 194.35 ($2.37) and a 12-month high of GBX 289 ($3.52).

Insider Buying and Selling at Tesco

In other news, insider Caroline Silver bought 15,000 shares of Tesco stock in a transaction on Tuesday, February 21st. The stock was acquired at an average price of GBX 250 ($3.05) per share, with a total value of £37,500 ($45,703.84). Insiders bought 15,171 shares of company stock valued at $3,791,463 over the last quarter. 2.07% of the stock is currently owned by insiders.

Tesco Company Profile

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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.