Tesco (TSCO) Receives Buy Rating from Shore Capital

Tesco (LON:TSCO)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research note issued to investors on Thursday.

A number of other research analysts have also recently commented on TSCO. Deutsche Bank restated a “buy” rating and set a GBX 240 ($3.25) price objective on shares of Tesco in a research note on Thursday, September 28th. Jefferies Group boosted their price objective on Tesco from GBX 180 ($2.44) to GBX 185 ($2.51) and gave the stock a “hold” rating in a research note on Thursday, September 28th. Kepler Capital Markets restated a “hold” rating and set a GBX 189 ($2.56) price objective on shares of Tesco in a research note on Thursday, September 28th. Goldman Sachs Group restated a “top pick” rating and set a GBX 220 ($2.98) price objective on shares of Tesco in a research note on Thursday, January 4th. Finally, restated a “buy” rating and set a GBX 225 ($3.05) price objective on shares of Tesco in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 203.38 ($2.76).

Shares of Tesco (LON:TSCO) traded down GBX 8.40 ($0.11) on Thursday, hitting GBX 203.50 ($2.76). The company’s stock had a trading volume of 31,970,813 shares, compared to its average volume of 22,410,000. The firm has a market capitalization of $16,630.00 and a PE ratio of 3,391.67. Tesco has a 12 month low of GBX 165.35 ($2.24) and a 12 month high of GBX 217.10 ($2.94).

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Tesco Company Profile

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.

Analyst Recommendations for Tesco (LON:TSCO)

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