Tesco (TSCO) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a research note released on Thursday.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group upgraded Tesco to a buy rating and boosted their target price for the stock from GBX 155 ($2.10) to GBX 220 ($2.98) in a research report on Tuesday, December 5th. Credit Suisse Group boosted their target price on Tesco from GBX 160 ($2.17) to GBX 165 ($2.24) and gave the stock an underperform rating in a research report on Monday, October 30th. reiterated a buy rating and set a GBX 225 ($3.05) target price on shares of Tesco in a research report on Wednesday, September 13th. Deutsche Bank reiterated a buy rating on shares of Tesco in a research report on Tuesday, November 21st. Finally, Berenberg Bank assumed coverage on Tesco in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 180 ($2.44) target price on the stock. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 200.75 ($2.72).

Tesco (TSCO) opened at GBX 204.90 ($2.78) on Thursday. The stock has a market capitalization of $16,780.00 and a PE ratio of 3,415.00. Tesco has a 52-week low of GBX 165.35 ($2.24) and a 52-week high of GBX 217.10 ($2.94).

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Tesco Company Profile

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

Analyst Recommendations for Tesco (LON:TSCO)

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