Tesco PLC (TSCO) Rating Reiterated by JPMorgan Chase & Co.
Tesco PLC (LON:TSCO)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They presently have a GBX 135 ($1.69) price objective on the retailer’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 36.74% from the company’s current price.
Other research analysts also recently issued research reports about the company. BNP Paribas reiterated an “outperform” rating and issued a GBX 185 ($2.31) price objective on shares of Tesco PLC in a report on Tuesday, September 20th. Barclays PLC reiterated an “overweight” rating and issued a GBX 215 ($2.69) price objective on shares of Tesco PLC in a report on Wednesday, November 16th. Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 166 ($2.07) price objective on shares of Tesco PLC in a report on Wednesday, October 5th. Societe Generale reiterated a “sell” rating and issued a GBX 167 ($2.09) price objective on shares of Tesco PLC in a report on Wednesday, November 2nd. Finally, Macquarie reissued an “outperform” rating and issued a GBX 250 ($3.12) target price on shares of Tesco PLC in a research note on Wednesday, November 16th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 198.68 ($2.48).
Shares of Tesco PLC (LON:TSCO) opened at 213.60 on Tuesday. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 219.00. The stock’s market capitalization is GBX 17.39 billion. The stock has a 50 day moving average price of GBX 207.21 and a 200 day moving average price of GBX 175.38.
Tesco PLC Company Profile
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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