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15 Aug 2025
Initiate coverage of Tesco ADR
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Initiate coverage of Tesco ADR
Tesco PLC (TSCO:LON) | 463 0 0.0% | Mkt Cap: 29,382m
- Published:
15 Aug 2025 -
Author:
Joyce Rob RJ -
Pages:
13 -
Initiation of ADR coverage
With this report we initiate coverage of Tesco ADR, in coordination with our pre-existing coverage of Tesco. We initiate coverage of Tesco ADR with an Outperform rating and USD 18 target price. We derive our Tesco ADR target price with reference to our Tesco target price (GBP 4.35), which is derived via a DCF (WACC 8.7%, TG 1%). Recent research on Tesco can be found here.