Tesco PLC (TSCO) Rating Reiterated by JPMorgan Chase & Co.

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Tesco PLC (LON:TSCO)‘s stock had its “underweight” rating restated by JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a GBX 135 ($1.80) target price on the retailer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 18.70% from the stock’s current price.
Several other research analysts also recently weighed in on TSCO. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a report on Thursday, May 12th. Credit Suisse Group AG cut their price target on Tesco PLC from GBX 135 ($1.80) to GBX 115 ($1.53) and set an “underperform” rating for the company in a report on Wednesday, May 25th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 195 ($2.60) price target on shares of Tesco PLC in a report on Tuesday, May 31st. HSBC reiterated a “buy” rating and issued a GBX 275 ($3.66) price target on shares of Tesco PLC in a report on Wednesday, June 1st. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 225 ($3.00) price target on shares of Tesco PLC in a report on Wednesday, June 1st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Tesco PLC presently has a consensus rating of “Hold” and an average price target of GBX 190.56 ($2.54).
Tesco PLC (LON:TSCO) traded down 2.95% during mid-day trading on Thursday, reaching GBX 166.05. The company’s stock had a trading volume of 36,939,180 shares. The stock’s market capitalization is GBX 13.50 billion. Tesco PLC has a 1-year low of GBX 137.00 and a 1-year high of GBX 205.90. The stock’s 50 day moving average price is GBX 160.92 and its 200 day moving average price is GBX 170.90.

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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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