Tesco PLC’s (TSCO) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their underweight rating on shares of Tesco PLC (LON:TSCO) in a report issued on Monday morning. They currently have a GBX 135 ($1.76) target price on the retailer’s stock.
Other research analysts have also issued reports about the stock. HSBC restated a buy rating and set a GBX 275 ($3.59) target price on shares of Tesco PLC in a research report on Friday, June 10th. Citigroup Inc. restated a buy rating on shares of Tesco PLC in a research report on Friday, June 17th. Morgan Stanley upped their target price on shares of Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the stock an equal weight rating in a research report on Wednesday, September 14th. Deutsche Bank AG restated a hold rating and set a GBX 195 ($2.55) target price on shares of Tesco PLC in a research report on Friday, June 24th. Finally, Shore Capital restated a hold rating on shares of Tesco PLC in a research report on Thursday, June 23rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 194.21 ($2.54).
Tesco PLC (LON:TSCO) traded up 1.7076% during mid-day trading on Monday, hitting GBX 188.4642. 17,946,551 shares of the stock traded hands. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 205.90. The stock’s 50 day moving average is GBX 169.10 and its 200-day moving average is GBX 169.26. The company’s market cap is GBX 15.32 billion.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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