Jefferies Group Brokers Boost Earnings Estimates for Tesco PLC (TSCDY)

Tesco PLC (OTCMKTS:TSCDY) – Analysts at Jefferies Group lifted their FY2019 earnings estimates for shares of Tesco in a report released on Thursday, April 12th. Jefferies Group analyst J. Grzinic now forecasts that the company will post earnings per share of $0.60 for the year, up from their prior forecast of $0.58. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Tesco’s FY2020 earnings at $0.68 EPS and FY2021 earnings at $0.73 EPS.

TSCDY has been the subject of several other reports. Zacks Investment Research lowered shares of Tesco from a “buy” rating to a “hold” rating and set a $9.50 price target for the company. in a report on Friday, April 6th. Berenberg Bank raised shares of Tesco from a “hold” rating to a “buy” rating in a report on Friday, April 6th. ValuEngine lowered shares of Tesco from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Tesco in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.

TSCDY opened at $9.94 on Friday. The stock has a market capitalization of $25,967.69, a PE ratio of 21.61, a P/E/G ratio of 1.23 and a beta of 0.50. Tesco has a 1-year low of $6.34 and a 1-year high of $9.97.

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About Tesco

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

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