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

Tesco (LON:TSCO - Get Free Report) had its target price cut by equities research analysts at JPMorgan Chase & Co. from GBX 410 ($5.01) to GBX 400 ($4.88) in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the retailer's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 11.05% from the stock's previous close.

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

Tesco Price Performance

TSCO traded up GBX 0.50 ($0.01) on Monday, hitting GBX 360.20 ($4.40). 16,110,060 shares of the company were exchanged, compared to its average volume of 12,817,011. Tesco has a fifty-two week low of GBX 272.30 ($3.32) and a fifty-two week high of GBX 375.70 ($4.59). The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The firm has a market capitalization of £24.53 billion, a P/E ratio of 1,334.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business's fifty day moving average is GBX 361.30 and its 200 day moving average is GBX 348.27.

Insider Transactions at Tesco

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

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.