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

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

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

Tesco Price Performance

LON:TSCO opened at GBX 471 on Wednesday. The firm has a market capitalization of £29.51 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.43 and a beta of 0.57. Tesco has a 52-week low of GBX 411.70 and a 52-week high of GBX 520.60. The stock has a fifty day moving average of GBX 468.56 and a 200 day moving average of GBX 470.10. The company has a debt-to-equity ratio of 131.55, a quick ratio of 0.60 and a current ratio of 0.59.

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.