JPMorgan Chase Gives Overweight Rating to TESCO (TSCO)
TESCO (LON: TSCO)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase in a report released on Tuesday. They currently have a $6.55 (406 GBX) target price on the stock.
TESCO opened at 339.75 on Tuesday. TESCO has a 52-week low of GBX 294.50 and a 52-week high of GBX 413.05. The company’s market cap is £27.224 billion.
TSCO has been the subject of a number of other recent research reports. Analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of TESCO in a research note to investors on Friday. They now have a $4.52 price target on the stock. Separately, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday, September 20th. Finally, analysts at Nomura reiterated a “buy” rating on shares of TESCO in a research note to investors on Friday, September 14th. They now have a $6.94 price target on the stock.
Tesco PLC is an international retailer. The activity of the Company is retailing and associated activities in the United Kingdom, the People’s Republic of China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand, Turkey and the United States.
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