Tesco PLC (OTCMKTS:TSCDY – Free Report) – Equities researchers at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for Tesco in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $1.26 per share for the year, up from their prior forecast of $1.24. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesco’s current full-year earnings is $1.25 per share.
A number of other research firms have also issued reports on TSCDY. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Citigroup began coverage on shares of Tesco in a research note on Tuesday, May 5th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Tesco Stock Down 0.1%
OTCMKTS TSCDY opened at $18.54 on Tuesday. The business has a fifty day moving average price of $18.96 and a 200 day moving average price of $19.04. Tesco has a one year low of $16.65 and a one year high of $20.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.39.
About Tesco
Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen as a market stall, the company expanded into a nationwide chain of supermarkets and has grown into one of the largest retailers in the United Kingdom. Tesco operates a range of store formats designed to serve different customer needs, including large-format hypermarkets, standard supermarkets and smaller convenience stores, along with an extensive online grocery and home delivery service.
The company’s core activities include the retail sale of food and non-food products, development and distribution of own-label ranges (from value to premium), and provision of convenience and fuel forecourt services.
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