Tesco (LON:TSCO) PT Set at GBX 330 by JPMorgan Chase & Co.

Tesco (LON:TSCOGet Rating) received a GBX 330 ($4.01) target price from stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 31.42% from the company’s current price.

A number of other brokerages have also recently issued reports on TSCO. Berenberg Bank dropped their target price on shares of Tesco from GBX 327 ($3.97) to GBX 320 ($3.88) and set a “buy” rating for the company in a report on Thursday, April 14th. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a research note on Wednesday, May 11th. Shore Capital reissued a “hold” rating on shares of Tesco in a research note on Monday. Finally, Barclays reissued an “overweight” rating and set a GBX 325 ($3.94) price objective on shares of Tesco in a research note on Monday, May 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Tesco currently has a consensus rating of “Buy” and a consensus target price of GBX 318.75 ($3.87).

Shares of Tesco stock opened at GBX 251.10 ($3.05) on Friday. Tesco has a 12-month low of GBX 221.70 ($2.69) and a 12-month high of GBX 304.10 ($3.69). The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 98.17. The stock has a market cap of £18.94 billion and a PE ratio of 13.15. The company has a 50-day moving average of GBX 265.39 and a two-hundred day moving average of GBX 278.70.

Tesco Company Profile (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.

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