Tesco (LON:TSCO) Price Target Raised to GBX 500

Tesco (LON:TSCO) had its price objective lifted by JPMorgan Chase & Co. from GBX 450 to GBX 500 in a report released on Friday morning, MarketBeat Ratings reports. They currently have an overweight rating on the retailer’s stock.

A number of other brokerages have also issued reports on TSCO. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a report on Friday, October 3rd. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price target on shares of Tesco in a report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 473.75.

Tesco Trading Up 0.2%

LON:TSCO opened at GBX 453 on Friday. The company has a 50-day moving average price of GBX 451.04 and a 200-day moving average price of GBX 426.75. Tesco has a 12 month low of GBX 310.30 and a 12 month high of GBX 480.90. The stock has a market cap of £28.98 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Tesco (LON:TSCO) last released its earnings results 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%. Equities analysts predict 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.