JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Tesco (LON:TSCO) Stock

Tesco (LON:TSCO) had its price target upped by equities research analysts at JPMorgan Chase & Co. from GBX 480 to GBX 500 in a research report issued on Friday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 3.05% from the stock’s previous close.

TSCO has been the subject of several other reports. Shore Capital Group reissued a “buy” rating on shares of Tesco in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 430 target price on shares of Tesco in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 470.

Tesco Trading Down 1.8%

Shares of TSCO opened at GBX 485.20 on Friday. The stock has a fifty day moving average price of GBX 478.07 and a two-hundred day moving average price of GBX 455.34. 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 has a 52-week low of GBX 353.20 and a 52-week high of GBX 508.20. The company has a market cap of £30.84 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.43 and a beta of 0.61.

Tesco (LON:TSCO) last issued its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%.The firm had revenue of GBX 7,371 million during the quarter. Analysts predict that Tesco will post 27.374848 EPS for the current fiscal year.

Trending Headlines about Tesco

Here are the key news stories impacting Tesco this week:

• Positive Sentiment: JPMorgan raised its price target to GBX 500 and upgraded Tesco to “Overweight”, signalling stronger analyst confidence in Tesco’s outlook and providing upside support for the share price. Digital Look / LSE broker notes
• Positive Sentiment: Tesco reported stronger-than-expected profits and cash flow, and said its value push has driven the highest market share in a decade — fundamental results that support earnings momentum. Profit update
• Positive Sentiment: Tesco updated its £15bn Euro Note Programme with an FCA‑approved supplement, a treasury move that preserves funding flexibility and reduces refinancing risk. Euro note programme
• Positive Sentiment: Shore Capital reaffirmed a “Buy” rating on Tesco, adding further buy‑side endorsement. Broker note
• Neutral Sentiment: Tesco published quarterly results (GBX 29.50 EPS; revenue GBX 7,371m) and released the earnings slide deck and call transcript — provides more detail for investors to re‑rate forecasts. Earnings release
• Neutral Sentiment: Jefferies reaffirmed a “Hold” rating with a GBX 430 target — a mixed signal that may cap upside despite other upgrades. Broker note
• Negative Sentiment: Management warned that uncertainty from the Iran/Middle East conflict clouds the profit outlook for 2026/27, and issued a cautious fiscal‑2027 outlook — the primary driver of today’s weakness as it raises near‑term risk. Reuters
• Negative Sentiment: Commentary pieces warning that recent share gains may be “too good to be true” have increased investor caution and could amplify selling pressure if sentiment shifts. MSN

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. Serving our customers, communities and planet a little better every day is what we do.