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

Tesco (LON:TSCO)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a research note issued on Tuesday,London Stock Exchange reports.

Tesco Stock Up 1.0 %

LON TSCO traded up GBX 3.80 ($0.05) on Tuesday, hitting GBX 368.60 ($4.70). 25,922,572 shares of the company were exchanged, compared to its average volume of 19,990,955. The company has a market cap of £25.10 billion, a PE ratio of 1,365.19, a PEG 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 ($4.78). The stock has a fifty day moving average of GBX 355.49 and a 200-day moving average of GBX 338.42. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42.

Insider Buying and Selling at Tesco

In other Tesco news, insider Bertrand Bodson acquired 734 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 355 ($4.53) per share, with a total value of £2,605.70 ($3,321.48). 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.