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

Tesco (LON:TSCO)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat Ratings reports.

Tesco Stock Up 0.4 %

Shares of LON:TSCO opened at GBX 370.20 ($4.72) on Tuesday. The firm has a market cap of £25.21 billion, a P/E ratio of 1,371.11, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco has a 12-month low of GBX 272.30 ($3.47) and a 12-month high of GBX 375.30 ($4.79). The business has a fifty day simple moving average of GBX 355.91 and a 200 day simple moving average of GBX 339.04. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42.

Insider Transactions at Tesco

In related news, insider Bertrand Bodson bought 734 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 355 ($4.53) per share, with a total value of £2,605.70 ($3,324.02). Corporate insiders own 2.51% of the company’s stock.

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.