Shore Capital Reaffirms “Buy” Rating for Tesco (LON:TSCO)

Shore Capital reaffirmed their buy rating on shares of Tesco (LON:TSCO) in a research report report published on Thursday, January 11th.

Several other research analysts have also recently weighed in on TSCO. reiterated a buy rating and set a GBX 225 ($3.05) price target on shares of Tesco in a research note on Monday, September 25th. Deutsche Bank reiterated a buy rating and set a GBX 240 ($3.25) price target on shares of Tesco in a research note on Wednesday, September 20th. Beaufort Securities reiterated a buy rating and set a GBX 210 ($2.85) price target on shares of Tesco in a research note on Monday, October 2nd. Finally, Goldman Sachs Group upgraded shares of Tesco to a buy rating and lifted their price target for the stock from GBX 155 ($2.10) to GBX 220 ($2.98) in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Tesco presently has an average rating of Hold and a consensus target price of GBX 200.75 ($2.72).

Tesco (LON TSCO) traded down GBX 1.99 ($0.03) during trading hours on Thursday, reaching GBX 210.01 ($2.85). 4,850,000 shares of the company’s stock were exchanged, compared to its average volume of 22,200,000. Tesco has a fifty-two week low of GBX 165.35 ($2.24) and a fifty-two week high of GBX 217.10 ($2.94). The company has a market cap of $17,200.00 and a P/E ratio of 3,500.17.

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About Tesco

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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