JPMorgan Chase & Co. Reiterates “Underweight” Rating for Tesco (LON:TSCO)

Tesco (LON:TSCO)‘s stock had its “underweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a research note issued on Friday, MarketBeat.com reports.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 ($4.44) price target on shares of Tesco in a research note on Thursday, April 11th. Barclays restated an “overweight” rating and set a GBX 350 ($4.44) price objective on shares of Tesco in a report on Friday, May 3rd. Finally, Shore Capital restated a “buy” rating on shares of Tesco in a report on Wednesday, April 10th.

Tesco Trading Down 0.2 %

Shares of Tesco stock opened at GBX 306 ($3.88) on Friday. Tesco has a fifty-two week low of GBX 244.20 ($3.10) and a fifty-two week high of GBX 316.10 ($4.01). The firm has a market cap of £21.30 billion, a PE ratio of 1,224.00, a P/E/G ratio of 0.07 and a beta of 0.52. The business’s fifty day moving average is GBX 305.99 and its two-hundred day moving average is GBX 294.52. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 127.23.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.