Tesco (LON:TSCO) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Tesco (LON:TSCO) in a research report report published on Friday, Marketbeat Ratings reports.

Other equities analysts have also recently issued reports about the company. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup increased their price target on Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 468.33.

Tesco Trading Down 0.8%

Shares of TSCO opened at GBX 448.70 on Friday. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 456.60. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The stock has a 50 day simple moving average of GBX 429.11 and a 200-day simple moving average of GBX 394.56. The stock has a market cap of £29.04 billion, a PE ratio of 1,976.65, a PEG ratio of 1.43 and a beta of 0.51.

Tesco (LON:TSCO) last issued its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. On average, sell-side analysts predict that Tesco will post 27.374848 EPS for the current fiscal year.

About Tesco

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.