JPMorgan Chase & Co. Reaffirms Underweight Rating for Tesco PLC (TSCO)
JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Tesco PLC (LON:TSCO) in a report released on Monday. JPMorgan Chase & Co. currently has a GBX 135 ($1.76) target price on the retailer’s stock.
A number of other equities analysts also recently issued reports on the company. BNP Paribas reissued an outperform rating and set a GBX 185 ($2.41) target price on shares of Tesco PLC in a research note on Thursday, September 29th. Credit Suisse Group AG increased their target price on Tesco PLC from GBX 115 ($1.50) to GBX 130 ($1.70) and gave the stock an underperform rating in a research note on Monday, September 26th. Barclays PLC reissued an overweight rating and set a GBX 215 ($2.81) target price on shares of Tesco PLC in a research note on Thursday, September 22nd. Deutsche Bank AG reissued a hold rating and set a GBX 185 ($2.41) target price on shares of Tesco PLC in a research note on Wednesday, September 21st. Finally, Jefferies Group reissued a hold rating and set a GBX 185 ($2.41) target price on shares of Tesco PLC in a research note on Wednesday, September 21st. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) opened at 201.90 on Monday. The company’s 50-day moving average price is GBX 172.40 and its 200-day moving average price is GBX 169.59. The stock’s market cap is GBX 16.41 billion. Tesco PLC has a 12 month low of GBX 137.00 and a 12 month high of GBX 214.85.
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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