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

Tesco (LON:TSCO) was downgraded by equities research analysts at Shore Capital Group to a “hold” rating in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 480 target price on the retailer’s stock, down from their prior target price of GBX 525. Shore Capital Group’s price objective points to a potential upside of 6.67% from the stock’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 430 price objective on shares of Tesco in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 483.75.

Tesco Stock Performance

LON:TSCO opened at GBX 449.98 on Wednesday. The company has a fifty day moving average of GBX 468.30 and a 200-day moving average of GBX 467.85. The firm has a market capitalization of £28.19 billion, a P/E ratio of 16.60, 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 has a twelve month low of GBX 411.10 and a twelve month high of GBX 520.60.

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.