Jefferies Financial Group Cuts Tesco (LON:TSCO) Price Target to GBX 430

Tesco (LON:TSCO) had its target price trimmed by Jefferies Financial Group from GBX 450 to GBX 430 in a research note published on Friday, Marketbeat reports. The firm currently has a hold rating on the retailer’s stock.

Several other brokerages also recently issued reports on TSCO. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 465.

Tesco Stock Performance

Tesco stock opened at GBX 422 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. Tesco has a 12 month low of GBX 310.30 and a 12 month high of GBX 480.90. The company has a fifty day moving average price of GBX 442.76 and a two-hundred day moving average price of GBX 436.09. The company has a market cap of £26.84 billion, a PE ratio of 18.59, a P/E/G ratio of 1.43 and a beta of 0.51.

Insider Activity

In related news, insider Ken Murphy acquired 11,961 shares of the stock in a transaction dated Friday, January 9th. The shares were bought at an average cost of GBX 418 per share, for a total transaction of £49,996.98. Also, insider Imran Nawaz bought 11,961 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was bought at an average cost of GBX 418 per share, with a total value of £49,996.98. Over the last quarter, insiders have bought 23,952 shares of company stock worth $10,013,016. 2.04% of the stock is owned by company 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. Serving our customers, communities and planet a little better every day is what we do.