Tesco’s (TSCO) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Tesco (LON:TSCO) in a report published on Thursday, MarketBeat reports.

Separately, JPMorgan Chase & Co. lowered their price target on Tesco from GBX 410 ($5.37) to GBX 400 ($5.24) and set an “overweight” rating for the company in a research report on Monday, January 13th.

Tesco Stock Up 2.9 %

Shares of TSCO opened at GBX 323.67 ($4.24) on Thursday. Tesco has a 12-month low of GBX 277.50 ($3.63) and a 12-month high of GBX 398.10 ($5.21). The business’s 50 day moving average is GBX 353.97 and its 200 day moving average is GBX 358.65. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The company has a market capitalization of £21.60 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Tesco (LON:TSCO) last announced its earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.36) earnings per share for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. Research analysts expect that Tesco will post 27.374848 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ken Murphy purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of GBX 326 ($4.27) per share, with a total value of £130,400 ($170,680.63). Insiders have acquired 80,110 shares of company stock worth $27,921,384 in the last ninety days. Company insiders own 2.51% of the company’s stock.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.