TESCO PT Lowered to GBX 285 (TSCO)
JPMorgan Chase & Co. reduced their price target on shares of TESCO (LON:TSCO) from GBX 315 ($5.17) to GBX 285 ($4.67) in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 11.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities downgraded shares of TESCO to a “sell” rating in a research note to investors on Friday. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of TESCO in a research note to investors on Thursday. They now have a GBX 353 ($5.79) price target on the stock. Finally, analysts at Panmure Gordon raised their price target on shares of TESCO from GBX 600 ($9.84) to GBX 684 ($11.22) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 365.11 ($5.99).
TESCO (LON:TSCO) opened at 321.80 on Friday. TESCO has a one year low of GBX 315.30 and a one year high of GBX 388.05. The stock has a 50-day moving average of GBX 335. and a 200-day moving average of GBX 355.4. The company’s market cap is £25.940 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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