Tesco PLC (LON:TSCO – Get Rating) has received a consensus recommendation of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 312 ($3.88).
Several research firms recently issued reports on TSCO. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Monday. JPMorgan Chase & Co. lifted their price target on Tesco from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the company an “overweight” rating in a research report on Tuesday, April 18th. Finally, Jefferies Financial Group raised Tesco to a “buy” rating and boosted their price objective for the stock from GBX 260 ($3.23) to GBX 310 ($3.86) in a report on Monday, March 6th.
Tesco Stock Down 0.4 %
Shares of LON:TSCO opened at GBX 266.90 ($3.32) on Wednesday. The firm has a fifty day moving average price of GBX 268.65 and a two-hundred day moving average price of GBX 249.68. The company has a market cap of £19.48 billion, a price-to-earnings ratio of 2,670.00, a PEG ratio of 3.50 and a beta of 0.64. The company has a debt-to-equity ratio of 123.29, a current ratio of 0.72 and a quick ratio of 0.60. Tesco has a one year low of GBX 194.35 ($2.42) and a one year high of GBX 285.30 ($3.55).
Tesco Increases Dividend
Tesco Company Profile
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.
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