Tesco PLC (TSCO) Receives Average Rating of “Buy” from Brokerages
Tesco PLC (LON:TSCO) has been given a consensus recommendation of “Buy” by the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 272.43 ($3.56).
TSCO has been the subject of a number of analyst reports. Deutsche Bank raised their price objective on shares of Tesco from GBX 275 ($3.59) to GBX 300 ($3.92) and gave the company a “buy” rating in a research report on Tuesday. Goldman Sachs Group raised their price objective on shares of Tesco from GBX 265 ($3.46) to GBX 277 ($3.62) and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays restated an “overweight” rating on shares of Tesco in a research report on Thursday, April 11th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Tesco in a research report on Tuesday, April 9th.
Shares of TSCO traded down GBX 4.20 ($0.05) during trading hours on Thursday, hitting GBX 247.40 ($3.23). The company’s stock had a trading volume of 8,375,455 shares, compared to its average volume of 45,150,000. The company has a market capitalization of $24.14 billion and a price-to-earnings ratio of 18.19. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02. Tesco has a 52-week low of GBX 187.05 ($2.44) and a 52-week high of GBX 266.80 ($3.49).
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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