Tesco (LON:TSCO) had its target price boosted by Jefferies Financial Group from GBX 275 ($3.59) to GBX 285 ($3.72) in a report published on Wednesday, Digital Look reports. They currently have a buy rating on the retailer’s stock.
Other equities analysts also recently issued research reports about the stock. Goldman Sachs Group reiterated a buy rating on shares of Tesco in a report on Tuesday, August 13th. Barclays reissued an overweight rating on shares of Tesco in a research note on Tuesday, September 24th. Morgan Stanley reissued an overweight rating on shares of Tesco in a research note on Wednesday, June 19th. Shore Capital reissued a buy rating on shares of Tesco in a research note on Friday, September 27th. Finally, Deutsche Bank increased their price objective on shares of Tesco from GBX 285 ($3.72) to GBX 295 ($3.85) and gave the company a buy rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 278.91 ($3.64).
Shares of TSCO traded up GBX 0.90 ($0.01) during trading hours on Wednesday, reaching GBX 237.20 ($3.10). The company had a trading volume of 21,411,590 shares, compared to its average volume of 45,150,000. The firm has a 50 day simple moving average of GBX 227.29 and a 200-day simple moving average of GBX 233.11. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02. The company has a market capitalization of $23.00 billion and a price-to-earnings ratio of 17.44. Tesco has a 12-month low of GBX 187.05 ($2.44) and a 12-month high of GBX 254.10 ($3.32).
In related news, insider Mikael Olsson acquired 15,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were acquired at an average cost of GBX 235 ($3.07) per share, for a total transaction of £35,250 ($46,060.37).
Tesco Company Profile
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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