Tesco (LON:TSCO) Receives Overweight Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated an "overweight" rating on Tesco's stock, reflecting confidence in the company's performance.
• Citigroup and Deutsche Bank have both raised their price targets for Tesco, with Citigroup increasing it to GBX 460 and Deutsche Bank to GBX 495, also assigning "buy" ratings.
• The average consensus target price for Tesco's stock is currently GBX 468.33, with four research analysts rating it a "Buy."

Tesco (LON:TSCO - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Friday,Digital Look reports.

A number of other brokerages have also recently commented on TSCO. Citigroup upped their price target on shares of Tesco from GBX 395 to GBX 460 and gave the company a "buy" rating in a research note on Friday, July 18th. Shore Capital restated a "buy" rating on shares of Tesco in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Tesco from GBX 470 to GBX 495 and gave the company a "buy" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tesco has an average rating of "Buy" and a consensus target price of GBX 468.33.

Tesco Stock Performance

Shares of TSCO opened at GBX 454 on Friday. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The firm has a market cap of £29.47 billion, a PE ratio of 1,931.09, a PEG ratio of 1.43 and a beta of 0.51. Tesco has a 1 year low of GBX 310.30 and a 1 year high of GBX 456.60. The stock's fifty day moving average price is GBX 428.71 and its two-hundred day moving average price is GBX 392.73.

Tesco (LON:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. On average, equities research analysts forecast that Tesco will post 27.374848 EPS for the current year.

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.

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