Tesco (LON:TSCO) Stock Rating Reaffirmed by Jefferies Financial Group

Tesco (LON:TSCO)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently weighed in on TSCO. Citigroup reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, June 18th. Shore Capital reaffirmed a “buy” rating and set a GBX 275 ($3.38) price target on shares of Tesco in a research note on Friday, June 26th. UBS Group reaffirmed a “buy” rating on shares of Tesco in a research note on Friday, June 19th. Berenberg Bank cut their price target on shares of Tesco from GBX 280 ($3.45) to GBX 275 ($3.38) and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Credit Suisse Group increased their price target on shares of Tesco from GBX 248 ($3.05) to GBX 265 ($3.26) and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 283.55 ($3.49).

LON:TSCO opened at GBX 228.10 ($2.81) on Monday. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 128.73. The company has a market cap of $22.73 billion and a P/E ratio of 23.44. Tesco has a fifty-two week low of GBX 203.70 ($2.51) and a fifty-two week high of GBX 332.67 ($4.09). The firm’s 50 day moving average is GBX 230.56 and its two-hundred day moving average is GBX 238.78.

Tesco Company Profile

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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