Tesco (LON:TSCO) Given New GBX 430 Price Target at Jefferies Financial Group

Tesco (LON:TSCO) had its price target lowered by stock analysts at Jefferies Financial Group from GBX 450 to GBX 430 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the retailer’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 1.65% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research report on Monday. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 465.

Tesco Price Performance

Shares of TSCO traded down GBX 5.50 during mid-day trading on Friday, hitting GBX 423. 935,101,813 shares of the company traded hands, compared to its average volume of 164,232,875. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The stock has a market capitalization of £26.91 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.43 and a beta of 0.51. The business has a 50-day moving average of GBX 443.80 and a 200 day moving average of GBX 435.47. Tesco has a one year low of GBX 310.30 and a one year high of GBX 480.90.

Insider Transactions at Tesco

In other Tesco news, insider Ken Murphy bought 11,961 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average cost of GBX 418 per share, with a total value of £49,996.98. Also, insider Imran Nawaz 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, with a total value of £49,996.98. In the last ninety days, insiders have bought 23,952 shares of company stock worth $10,013,016. 2.04% of the stock is currently owned by insiders.

About Tesco

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.