JPMorgan Chase & Co. Cuts Tesco (LON:TSCO) Price Target to GBX 490

Tesco (LON:TSCO) had its target price decreased by JPMorgan Chase & Co. from GBX 500 to GBX 490 in a report released on Wednesday morning,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the retailer’s stock.

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Shore Capital Group lowered shares of Tesco to a “hold” rating and dropped their price objective for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 481.25.

Tesco Trading Up 1.2%

LON:TSCO opened at GBX 474.10 on Wednesday. The stock has a market cap of £29.71 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. Tesco has a fifty-two week low of GBX 411.70 and a fifty-two week high of GBX 520.60. The company has a debt-to-equity ratio of 131.55, a current ratio of 0.59 and a quick ratio of 0.60. The stock’s 50-day moving average is GBX 469.40 and its two-hundred day moving average is GBX 470.03.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.