Tesco (LON:TSCO) Given Hold Rating at Shore Capital Group

Tesco (LON:TSCO – Get Free Report)‘s stock had its “hold” rating restated by Shore Capital Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 480 target price on the retailer’s stock. Shore Capital Group’s price objective points to a potential downside of 5.27% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 480 target price on shares of Tesco in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tesco has an average rating of “Moderate Buy” and a consensus target price of GBX 500.

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Tesco Stock Performance

Shares of TSCO stock traded up GBX 6.30 during trading hours on Thursday, hitting GBX 506.70. 39,045,453 shares of the company were exchanged, compared to its average volume of 39,791,203. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The stock has a market capitalization of £31.56 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 1.43 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 469.95 and a 200 day simple moving average of GBX 468.70. Tesco has a 52-week low of GBX 411.70 and a 52-week high of GBX 520.60.

Tesco (LON:TSCO – Get Free Report) last announced its quarterly earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. Research analysts predict that Tesco will post 27.374848 earnings per share for the current fiscal year.

Trending Headlines about Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco reported a 6.3% increase in first-half adjusted operating profit to £1.78 billion, supported by sales growth. Management also raised the lower end of its fiscal 2027 outlook, signaling confidence in earnings momentum. Tesco First-Half Adjusted Operating Profit Rises
• Positive Sentiment: The company increased its total fiscal 2027 share-buyback allocation to £950 million. A larger buyback can support earnings per share and return excess cash to shareholders. Tesco Hikes Share Buybacks
• Positive Sentiment: Deutsche Bank raised its Tesco price target from GBX 525 to GBX 550 and upgraded the shares to “buy,” providing additional bullish support.
• Positive Sentiment: Tesco’s results prompted reports that its shares rose strongly even as broader British stocks faced pressure from a bond-market selloff and higher oil prices. British Stocks Fall While Tesco Rises
• Neutral Sentiment: Tesco appointed Wendy Becker as a non-executive director, effective November 1. The appointment strengthens board experience but is unlikely to be a near-term earnings catalyst. Tesco Appoints Wendy Becker
• Negative Sentiment: Management expects consumers’ moderation trend to weigh on festive alcohol sales, creating a potential headwind during the important holiday trading period. Tesco Expects Moderation to Curb Festive Alcohol Sales
• Neutral Sentiment: Jefferies and Shore Capital both maintained “hold” ratings with GBX 480 price targets, indicating that some analysts view the recent gains and valuation as largely reflected in the share price.

Tesco Company Profile

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Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.

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