Tesco (LON:TSCO) Stock Keeps “Hold” Rating at Shore Capital Group

Tesco (LON:TSCO – Get Free Report)‘s stock had its “hold” rating restated by stock analysts at Shore Capital Group in a report released on Thursday, Digital Look reports. They currently have a GBX 480 price target on the retailer’s stock. Shore Capital Group’s price target suggests a potential downside of 5.10% from the company’s current price.

A number of other brokerages also recently weighed in on TSCO. Jefferies Financial Group reaffirmed 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 target on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 500.

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Tesco Price Performance

Shares of LON TSCO opened at GBX 505.80 on Thursday. The stock’s 50-day simple moving average is GBX 469.95 and its two-hundred day simple moving average is GBX 468.70. Tesco has a twelve month low of GBX 411.70 and a twelve month high of GBX 520.60. The firm has a market capitalization of £31.50 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

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

Tesco News Roundup

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: Tesco raised the lower end of its fiscal 2027 outlook after reporting sales and profit growth for the first half, signaling improved operating momentum and supporting the share-price advance. Tesco lifts lower end of fiscal 2027 outlook as profit and sales grow
• Positive Sentiment: The company increased its planned fiscal 2027 share buybacks to £950 million, strengthening the capital-return case and potentially boosting earnings per share. Tesco increases fiscal 2027 share buyback allocation
• Positive Sentiment: Tesco’s shares reportedly rose sharply after management lifted its profit outlook and expanded the buyback, making the update the primary near-term catalyst. Tesco raises profit outlook and boosts buyback

Tesco Company Profile

(Get Free Report)

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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