Tesco (LON:TSCO) Given New GBX 480 Price Target at JPMorgan Chase & Co.

Tesco (LON:TSCO) had its price target lowered by JPMorgan Chase & Co. from GBX 500 to GBX 480 in a report issued on Monday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the retailer’s stock.

A number of other brokerages have also weighed in on TSCO. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Tesco in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 467.50.

Tesco Trading Up 0.4%

LON:TSCO opened at GBX 416.95 on Monday. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The business’s 50-day simple moving average is GBX 446.38 and its 200-day simple moving average is GBX 435.48. Tesco has a fifty-two week low of GBX 310.30 and a fifty-two week high of GBX 480.90. The stock has a market capitalization of £26.52 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Buying and Selling at Tesco

In other Tesco news, insider Imran Nawaz bought 11,961 shares of Tesco stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average price of GBX 418 per share, for a total transaction of £49,996.98. Also, insider Ken Murphy purchased 11,961 shares of the stock in a transaction on Friday, January 9th. The stock was acquired at an average price of GBX 418 per share, for a total transaction of £49,996.98. Insiders have purchased 23,952 shares of company stock valued at $10,013,016 in the last 90 days. 2.04% of the stock is currently owned by corporate 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. Serving our customers, communities and planet a little better every day is what we do.