Tesco PLC (LON:TSCO – Get Rating) has received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 310.83 ($3.76).

A number of research analysts have recently commented on the stock. UBS Group reissued a "buy" rating and set a GBX 330 ($3.99) target price on shares of Tesco in a research report on Friday, June 17th. Berenberg Bank reissued a "buy" rating and set a GBX 320 ($3.87) target price on shares of Tesco in a research report on Tuesday, July 5th. Jefferies Financial Group cut shares of Tesco to a "hold" rating and reduced their target price for the stock from GBX 350 ($4.23) to GBX 260 ($3.14) in a research report on Tuesday, September 6th. Shore Capital reissued a "hold" rating on shares of Tesco in a research report on Tuesday, August 30th. Finally, Barclays reissued an "overweight" rating and set a GBX 325 ($3.93) target price on shares of Tesco in a research report on Monday, May 30th.

Tesco Trading Down 0.4 %

LON TSCO opened at GBX 226.18 ($2.73) on Friday. The company's fifty day simple moving average is GBX 254.84 and its 200-day simple moving average is GBX 262.18. Tesco has a 52 week low of GBX 222.70 ($2.69) and a 52 week high of GBX 304.10 ($3.67). The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 98.17. The stock has a market cap of £16.87 billion and a P/E ratio of 1,135.00.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.

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