Tesco (LON:TSCO) Price Target Cut to GBX 400 by Analysts at JPMorgan Chase & Co.

Tesco (LON:TSCO) had its target price trimmed by JPMorgan Chase & Co. from GBX 410 ($5.02) to GBX 400 ($4.89) in a research report report published on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the retailer’s stock.

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

Tesco Stock Performance

Tesco stock opened at GBX 360.20 ($4.41) on Monday. The firm has a market capitalization of £24.53 billion, a P/E ratio of 1,334.07, a PEG ratio of 1.43 and a beta of 0.51. The stock has a fifty day moving average price of GBX 361.54 and a 200 day moving average price of GBX 348.63. Tesco has a 52 week low of GBX 272.30 ($3.33) and a 52 week high of GBX 375.70 ($4.60). The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42.

Insider Buying and Selling at Tesco

In related news, insider Bertrand Bodson acquired 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of GBX 355 ($4.34) per share, with a total value of £2,605.70 ($3,188.57). 2.51% of the stock is currently owned by corporate insiders.

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.