Tesco (LON:TSCO – Get Free Report)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 480 target price on the retailer’s stock. Jefferies Financial Group’s target price points to a potential downside of 5.27% from the stock’s current price.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. Shore Capital Group lowered Tesco to a “hold” rating and cut their price target for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 500.
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Tesco Stock Performance
Tesco (LON:TSCO – Get Free Report) last released its earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a net margin of 2.53% and a return on equity of 16.45%. As a group, equities analysts anticipate that Tesco will post 27.37 earnings per share for the current fiscal year.
Key Tesco News
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 and raised the lower end of its fiscal 2027 outlook as sales and profitability improved. Tesco First-Half Adjusted Operating Profit Rises
- Positive Sentiment: The retailer increased its planned fiscal 2027 share-buyback allocation to £950 million. Buybacks can support earnings per share and signal management confidence in cash generation. Tesco Hikes Share Buybacks
- Positive Sentiment: Deutsche Bank raised its price target from GBX 525 to GBX 550 and upgraded Tesco to “buy,” adding to the bullish interpretation of the earnings update.
- Positive Sentiment: Tesco appointed Wendy Becker as a non-executive director, effective November 1, strengthening the board with an experienced retail and technology executive. Tesco Appoints Wendy Becker
- Neutral Sentiment: Shore Capital and Jefferies both maintained “hold” ratings with GBX 480 price targets, showing that some analysts view the recent rally and improved outlook as largely reflected in the valuation.
- Negative Sentiment: Tesco expects a consumer moderation trend to reduce festive alcohol sales, creating a potential headwind for seasonal revenue and comparable-store growth. Tesco Expects Moderation Trend to Curb Festive Alcohol Sales
About Tesco
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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