Tesco (LON:TSCO) Upgraded at HSBC

HSBC upgraded shares of Tesco (LON:TSCO) to a buy rating in a research note issued to investors on Tuesday morning, Stock Target Advisor reports.

TSCO has been the subject of a number of other research reports. Berenberg Bank reaffirmed a buy rating on shares of Tesco in a report on Wednesday, February 26th. Kepler Capital Markets raised shares of Tesco to a buy rating and upped their price target for the stock from GBX 236 ($3.10) to GBX 289 ($3.80) in a report on Friday, January 17th. Jefferies Financial Group reaffirmed a buy rating on shares of Tesco in a report on Tuesday, March 3rd. JPMorgan Chase & Co. upped their price target on shares of Tesco from GBX 280 ($3.68) to GBX 300 ($3.95) and gave the stock an overweight rating in a report on Tuesday, January 14th. Finally, Barclays reaffirmed an overweight rating on shares of Tesco in a report on Wednesday, March 4th. Fourteen equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of GBX 289.45 ($3.81).

Shares of LON:TSCO opened at GBX 230.40 ($3.03) on Tuesday. The company’s 50 day moving average price is GBX 239.05 and its two-hundred day moving average price is GBX 241.04. Tesco has a 12-month low of GBX 203.70 ($2.68) and a 12-month high of GBX 332.67 ($4.38). The firm has a market cap of $21.69 billion and a PE ratio of 17.19. The company has a quick ratio of 0.47, a current ratio of 0.80 and a debt-to-equity ratio of 123.58.

About Tesco

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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Analyst Recommendations for Tesco (LON:TSCO)

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