Tesco (LON:TSCO – Get Free Report)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital Group in a report released on Thursday, Digital Look reports. They presently have a GBX 480 price target on the retailer’s stock. Shore Capital Group’s price target suggests a potential downside of 4.31% from the company’s current price.
Several other equities analysts have also commented on TSCO. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Jefferies Financial Group restated a “hold” rating and issued a GBX 480 price target on shares of Tesco in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tesco presently has an average rating of “Moderate Buy” and a consensus price target of GBX 500.
View Our Latest Analysis on Tesco
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 return on equity of 16.05% and a net margin of 2.42%. On average, research analysts forecast that Tesco will post 27.374848 EPS for the current year.
Tesco News Summary
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 profit outlook as sales and earnings grew. Tesco First-Half Adjusted Operating Profit Rises
- Positive Sentiment: The retailer increased its total fiscal 2027 share-buyback allocation to £950 million. Buybacks can support earnings per share and signal management confidence in the company’s cash generation. Tesco Hikes Share Buybacks
- Positive Sentiment: Deutsche Bank raised its Tesco price target from GBX 525 to GBX 550 and upgraded its recommendation to “buy,” adding further analyst support after the results.
- Neutral Sentiment: Tesco appointed Wendy Becker as a non-executive director, effective November 1. The addition strengthens the board’s retail and technology experience but is unlikely to materially affect near-term earnings. Tesco Appoints Wendy Becker
- Neutral Sentiment: Jefferies and Shore Capital both reaffirmed “hold” ratings with GBX 480 price targets, reflecting a more cautious view despite Tesco’s improved guidance.
- Negative Sentiment: Tesco warned that the moderation trend among consumers could weigh on festive alcohol sales, presenting a potential headwind during the important holiday trading period. Tesco Expects Moderation to Curb Festive Alcohol Sales
Tesco Company Profile
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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