Tesco (LON:TSCO) Earns Underweight Rating from JPMorgan Chase & Co.

Tesco (LON:TSCO)‘s stock had its “underweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Friday, Digital Look reports.

A number of other brokerages have also weighed in on TSCO. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 350 ($4.44) price target on shares of Tesco in a research note on Thursday, April 11th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Finally, Barclays reiterated an “overweight” rating and set a GBX 350 ($4.44) price target on shares of Tesco in a research report on Friday, May 3rd.

Tesco Price Performance

LON:TSCO traded up GBX 1.50 ($0.02) during trading hours on Friday, reaching GBX 308 ($3.91). 36,963,180 shares of the company were exchanged, compared to its average volume of 20,793,932. The stock’s 50-day moving average is GBX 305.50 and its 200-day moving average is GBX 294.38. Tesco has a twelve month low of GBX 244.20 ($3.10) and a twelve month high of GBX 316.10 ($4.01). The firm has a market cap of £21.44 billion, a PE 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.

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.