Tesco (LON:TSCO) Earns Outperform Rating from Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their outperform rating on shares of Tesco (LON:TSCO) in a report published on Friday, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently commented on the stock. Jefferies Financial Group set a GBX 275 ($3.59) price target on shares of Tesco and gave the stock a buy rating in a research report on Tuesday, August 27th. Goldman Sachs Group restated a buy rating on shares of Tesco in a research report on Tuesday, August 13th. UBS Group restated a buy rating and set a GBX 315 ($4.12) price target (up from GBX 305 ($3.99)) on shares of Tesco in a research report on Tuesday, June 11th. Investec boosted their price target on shares of Tesco from GBX 255 ($3.33) to GBX 270 ($3.53) and gave the stock a buy rating in a research report on Wednesday, August 28th. Finally, Shore Capital reaffirmed a buy rating on shares of Tesco in a research note on Monday, September 2nd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 278 ($3.63).

TSCO stock opened at GBX 237.50 ($3.10) on Friday. Tesco has a 52 week low of GBX 187.05 ($2.44) and a 52 week high of GBX 254.10 ($3.32). The company has a market capitalization of $23.26 billion and a price-to-earnings ratio of 17.46. The firm’s 50-day moving average is GBX 221.51 and its two-hundred day moving average is GBX 232.09. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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