JPMorgan Chase & Co. Reiterates “Overweight” Rating for Tesco (TSCO)
JPMorgan Chase & Co. reissued their overweight rating on shares of Tesco (LON:TSCO) in a report issued on Thursday morning. The brokerage currently has a GBX 265 ($3.66) price target on the retailer’s stock.
TSCO has been the topic of several other research reports. Goldman Sachs reaffirmed a buy rating on shares of Tesco in a report on Tuesday, February 13th. Shore Capital reaffirmed a buy rating on shares of Tesco in a report on Tuesday, January 23rd. UBS reaffirmed a buy rating on shares of Tesco in a report on Wednesday, February 14th. Deutsche Bank reaffirmed a buy rating and issued a GBX 240 ($3.32) price target on shares of Tesco in a report on Tuesday, January 2nd. Finally, Jefferies Group reaffirmed a hold rating and issued a GBX 185 ($2.56) price target on shares of Tesco in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 217.62 ($3.01).
Shares of TSCO stock opened at GBX 209.80 ($2.90) on Thursday. Tesco has a fifty-two week low of GBX 165.35 ($2.28) and a fifty-two week high of GBX 217.31 ($3.00). The stock has a market cap of $20,460.00 and a PE ratio of 3,496.67.
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Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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