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

Tesco (LON:TSCO) had its price target dropped by research analysts at JPMorgan Chase & Co. from GBX 410 ($5.01) to GBX 400 ($4.88) in a research report issued on Monday, Marketbeat reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.17% from the company’s current price.

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

Tesco Stock Down 1.0 %

TSCO stock opened at GBX 356.60 ($4.35) on Monday. Tesco has a 52 week low of GBX 272.30 ($3.32) and a 52 week high of GBX 375.70 ($4.59). The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The firm has a 50-day simple moving average of GBX 361.63 and a 200-day simple moving average of GBX 348.68. The stock has a market capitalization of £24.28 billion, a P/E ratio of 1,320.74, a P/E/G ratio of 1.43 and a beta of 0.51.

Insider Buying and Selling at Tesco

In other news, insider Bertrand Bodson acquired 734 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of GBX 355 ($4.33) per share, for a total transaction of £2,605.70 ($3,181.17). 2.51% 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.