Tesco’s (TSCO) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

Tesco (LON:TSCO)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued on Friday, Digital Look reports.

Other research analysts have also recently issued reports about the stock. Shore Capital reissued a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Barclays reissued an “overweight” rating and issued a GBX 350 ($4.44) price target on shares of Tesco in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 350 ($4.44) price objective on shares of Tesco in a research report on Thursday, April 11th.

Tesco Stock Up 0.5 %

Tesco stock traded up GBX 1.50 ($0.02) on Friday, hitting GBX 308 ($3.91). 36,963,180 shares of the stock traded hands, compared to its average volume of 20,793,932. Tesco has a 1 year low of GBX 244.20 ($3.10) and a 1 year high of GBX 316.10 ($4.01). The firm has a market cap of £21.44 billion, a P/E ratio of 1,232.00, a price-to-earnings-growth ratio of 0.07 and a beta of 0.52. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 127.23. The business’s fifty day simple moving average is GBX 305.50 and its 200 day simple moving average is GBX 294.38.

Tesco Company Profile

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.