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.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://dakotafinancialnews.com/2018/04/14/jefferies-group-brokers-boost-earnings-estimates-for-tesco-plc-tscdy.html.
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.
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.