*** Tesco Swingers Club ***

Tesco "outperform"

Monday, December 19, 2005 7:11:41 AM ET
Seymour Pierce

LONDON, December 19 (newratings.com) - Analyst Richard Ratner of Seymour Pierce maintains his "outperform" rating on Tesco Plc (TCO.FSE).

In a research note published this morning, the analyst mentions that despite the recent appreciation in Tesco’s share price, the current valuation of the company’s stock offers impressive value. According to the analyst, Tesco’s current share price underestimates the company’s future prospects, given the company’s leadership position in the UK market and significant contributions from its overseas businesses.