Tesco (LON:TSCO) Price Target Raised to GBX 240

Tesco (LON:TSCO - Get Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from GBX 220 ($2.76) to GBX 240 ($3.01) in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has an "underweight" rating on the retailer's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 22.76% from the company's previous close.

A number of other brokerages have also recently weighed in on TSCO. Barclays restated an "overweight" rating and issued a GBX 350 ($4.40) price objective on shares of Tesco in a report on Friday, May 3rd. Jefferies Financial Group reiterated a "buy" rating and set a GBX 350 ($4.40) price target on shares of Tesco in a report on Thursday, April 11th. Finally, Shore Capital reiterated a "buy" rating on shares of Tesco in a report on Wednesday, April 10th.

Tesco Stock Down 1.0 %

Shares of TSCO stock traded down GBX 3.20 ($0.04) during trading on Wednesday, reaching GBX 310.70 ($3.90). The company's stock had a trading volume of 46,748,735 shares, compared to its average volume of 19,337,447. The company has a debt-to-equity ratio of 127.23, a current ratio of 0.81 and a quick ratio of 0.60. The company has a market capitalization of £21.66 billion, a price-to-earnings ratio of 1,242.80, a P/E/G ratio of 0.06 and a beta of 0.52. The stock's 50-day moving average price is GBX 292.48 and its 200 day moving average price is GBX 287.82. Tesco has a 1-year low of GBX 244.20 ($3.07) and a 1-year high of GBX 314.90 ($3.96).

About Tesco

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.