Tesco (LON:TSCO) Receives “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a research note released on Tuesday, MarketBeat Ratings reports.

Separately, JPMorgan Chase & Co. reissued an underweight rating on shares of Tesco in a research report on Friday, June 28th.

Tesco Trading Up 0.1 %

TSCO stock opened at GBX 366.60 ($4.82) on Tuesday. The firm’s fifty day simple moving average is GBX 331.79 and its two-hundred day simple moving average is GBX 308.90. The stock has a market capitalization of £24.89 billion, a price-to-earnings ratio of 1,466.40, a price-to-earnings-growth ratio of 0.06 and a beta of 0.52. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 127.23. Tesco has a twelve month low of GBX 254.10 ($3.34) and a twelve month high of GBX 368.10 ($4.84).

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.