JPMorgan Chase & Co. Lowers Tesco (LON:TSCO) Price Target to GBX 480

Tesco (LON:TSCO) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 500 to GBX 480 in a report released on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.12% from the company’s current price.

TSCO has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a report on Thursday. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Tesco in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tesco presently has a consensus rating of “Buy” and an average target price of GBX 467.50.

Tesco Trading Up 0.4%

LON:TSCO traded up GBX 1.55 on Monday, hitting GBX 416.95. The stock had a trading volume of 14,329,505 shares, compared to its average volume of 119,218,313. The company has a fifty day moving average price of GBX 447.12 and a two-hundred day moving average price of GBX 435.38. Tesco has a 1-year low of GBX 310.30 and a 1-year high of GBX 480.90. 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 stock has a market cap of £26.52 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.43 and a beta of 0.51.

Insider Activity at Tesco

In other news, insider Imran Nawaz bought 11,961 shares of the business’s stock in a transaction on Friday, January 9th. The shares were bought at an average price of GBX 418 per share, with a total value of £49,996.98. Also, insider Ken Murphy purchased 11,961 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were purchased at an average price of GBX 418 per share, for a total transaction of £49,996.98. Insiders purchased a total of 23,952 shares of company stock valued at $10,013,016 in the last quarter. 2.04% of the stock is owned by insiders.

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. Serving our customers, communities and planet a little better every day is what we do.