Tesco PLC (OTCMKTS:TSCDY – Free Report) – Equities researchers at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for shares of Tesco in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the company will post earnings per share of $1.26 for the year, up from their prior forecast of $1.24. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share.
Other research analysts have also recently issued reports about the company. Morgan Stanley restated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Citigroup assumed coverage on shares of Tesco in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Tesco has a consensus rating of “Moderate Buy”.
Tesco Stock Performance
Tesco stock opened at $18.54 on Tuesday. The business’s 50-day simple moving average is $18.96 and its two-hundred day simple moving average is $19.04. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.47. Tesco has a fifty-two week low of $16.65 and a fifty-two week high of $20.54.
About Tesco
Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.
The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.
Featured Stories
- Five stocks we like better than Tesco
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.
