Tesco (LON:TSCO) Stock Rating Reaffirmed by Barclays

Tesco (LON:TSCO)‘s stock had its “overweight” rating reissued by investment analysts at Barclays in a research note issued to investors on Friday, Marketbeat reports. They presently have a GBX 350 ($4.40) price target on the retailer’s stock. Barclays‘s target price indicates a potential upside of 17.33% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 ($4.40) price target on shares of Tesco in a research report on Thursday, April 11th. Shore Capital reiterated a “buy” rating on shares of Tesco in a report on Wednesday, April 10th.

Tesco Stock Performance

LON TSCO opened at GBX 298.30 ($3.75) on Friday. The company has a current ratio of 0.74, a quick ratio of 0.60 and a debt-to-equity ratio of 129.69. The company has a market capitalization of £21.00 billion, a PE ratio of 1,491.50, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52. The business’s 50-day moving average price is GBX 288.14 and its 200 day moving average price is GBX 285.99. Tesco has a twelve month low of GBX 244.20 ($3.07) and a twelve month high of GBX 306.10 ($3.84).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.