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

Shore Capital reaffirmed their buy rating on shares of Tesco (LON:TSCO) in a research note issued to investors on Friday morning, Marketbeat.com reports.

TSCO has been the subject of a number of other reports. JPMorgan Chase & Co. cut their target price on Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group decreased their target price on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating on the stock in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 465.

Tesco Stock Down 0.1%

LON TSCO opened at GBX 416.02 on Friday. 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 cap of £26.46 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.43 and a beta of 0.51. The company has a 50 day moving average of GBX 439.40 and a 200-day moving average of GBX 436.26. Tesco has a 1-year low of GBX 310.30 and a 1-year high of GBX 480.90.

Insider Buying and Selling at Tesco

In other Tesco news, insider Imran Nawaz bought 11,961 shares of the stock in a transaction on Friday, January 9th. The stock was purchased at an average price of GBX 418 per share, with a total value of £49,996.98. Also, insider Ken Murphy bought 11,961 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was bought at an average cost of GBX 418 per share, with a total value of £49,996.98. Over the last 90 days, insiders have purchased 23,954 shares of company stock valued at $10,012,964. 2.04% of the stock is owned by corporate insiders.

About Tesco

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. Serving our customers, communities and planet a little better every day is what we do.