JPMorgan Chase & Co. Cuts Tesco (LON:TSCO) Price Target to GBX 400

Tesco (LON:TSCO) had its price objective reduced by JPMorgan Chase & Co. from GBX 410 ($5.02) to GBX 400 ($4.90) in a research report sent to investors on Monday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the retailer’s stock.

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Trading Up 1.1 %

LON:TSCO opened at GBX 360.60 ($4.41) on Monday. The company has a market cap of £24.56 billion, a P/E ratio of 1,335.56, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Tesco has a twelve month low of GBX 272.30 ($3.33) and a twelve month high of GBX 375.70 ($4.60). The business has a 50 day moving average price of GBX 361.63 and a two-hundred day moving average price of GBX 348.68. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42.

Insider Transactions at Tesco

In other Tesco news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of GBX 355 ($4.35) per share, for a total transaction of £2,605.70 ($3,189.35). Company insiders own 2.51% of the company’s stock.

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.