Tesco (LON:TSCO) Price Target Cut to GBX 490 by Analysts at JPMorgan Chase & Co.

Tesco (LON:TSCO) had its price target cut by equities researchers at JPMorgan Chase & Co. from GBX 500 to GBX 490 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.03% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Shore Capital Group lowered shares of Tesco to a “hold” rating and cut their target price for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 481.25.

Tesco Trading Down 0.1%

Shares of TSCO opened at GBX 471 on Wednesday. Tesco has a fifty-two week low of GBX 411.70 and a fifty-two week high of GBX 520.60. The business has a 50-day moving average of GBX 468.56 and a 200 day moving average of GBX 470.10. The firm has a market cap of £29.51 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 131.55, a quick ratio of 0.60 and a current ratio of 0.59.

About Tesco

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.