TESCO Receives “Underweight” Rating from JPMorgan Chase & Co. (TSCO)
TESCO (LON:TSCO)‘s stock had its “underweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, Stock Ratings Network.com reports.
A number of other analysts have also recently weighed in on TSCO. Analysts at Jefferies Group reiterated a “buy” rating on shares of TESCO in a research note to investors on Tuesday, October 22nd. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TESCO in a research note to investors on Monday, October 21st. They now have a GBX 405 ($6.55) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of TESCO in a research note to investors on Thursday, October 17th. They now have a GBX 370 ($5.98) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 388.37 ($6.28).
TESCO (LON:TSCO) traded down 0.23% during mid-day trading on Wednesday, hitting GBX 370.15. 15,226,873 shares of the company’s stock traded hands. TESCO has a one year low of GBX 311.05 and a one year high of GBX 388.05. The stock’s 50-day moving average is GBX 366.6 and its 200-day moving average is GBX 364.0. The company’s market cap is £29.838 billion.
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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