Tesco (LON:TSCO – Get Free Report) announced its quarterly earnings results on Thursday. The retailer reported GBX 15.61 EPS for the quarter, Digital Look Earnings reports. Tesco had a return on equity of 11.33% and a net margin of 1.92%.
Tesco Trading Up 0.5%
TSCO stock opened at GBX 454.80 on Friday. The company has a market cap of £29.53 billion, a P/E ratio of 1,934.50, a PEG ratio of 1.43 and a beta of 0.51. Tesco has a twelve month low of GBX 310.30 and a twelve month high of GBX 456.60. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The business has a fifty day moving average of GBX 428.71 and a 200-day moving average of GBX 392.73.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TSCO. Citigroup boosted their price target on Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Tesco from GBX 400 to GBX 450 and gave the stock an “overweight” rating in a research note on Monday, September 1st. Finally, Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tesco currently has a consensus rating of “Buy” and a consensus target price of GBX 468.33.
Tesco Company Profile
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.
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