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

Tesco (LON:TSCO) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from GBX 410 ($5.01) to GBX 400 ($4.88) in a research note issued on Monday,Digital Look reports. The brokerage presently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.02% from the company’s current price.

Separately, Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Stock Performance

Shares of Tesco stock opened at GBX 360.30 ($4.40) on Monday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. Tesco has a 52 week low of GBX 272.30 ($3.32) and a 52 week high of GBX 375.70 ($4.59). The firm’s 50 day moving average is GBX 361.30 and its two-hundred day moving average is GBX 348.27. The firm has a market capitalization of £24.54 billion, a P/E ratio of 1,334.44, 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 purchased 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, with a total value of £2,605.70 ($3,181.17). 2.51% of the stock is currently owned by company insiders.

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.