Tesco PLC Price Target Lowered to GBX 235 at JPMorgan Chase & Co. (TSCO)
Stock analysts at JPMorgan Chase & Co. lowered their price target on shares of Tesco PLC (LON:TSCO) from GBX 250 ($4.22) to GBX 235 ($3.96) in a report issued on Thursday, Stock Ratings News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 20.88% from the stock’s previous close.
Shares of Tesco PLC (LON:TSCO) traded up 0.68% during mid-day trading on Thursday, hitting GBX 297.00. The stock had a trading volume of 16,733,641 shares. Tesco PLC has a 52-week low of GBX 278.50 and a 52-week high of GBX 388.05. The stock’s 50-day moving average is GBX 291.5 and its 200-day moving average is GBX 324.6. The company’s market cap is £23.983 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 4th. Investors of record on Wednesday, April 30th will be given a dividend of GBX 10.13 ($0.17) per share. This represents a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, April 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Tesco PLC in a research note on Tuesday. They now have a GBX 282 ($4.76) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Tesco PLC in a research note on Thursday, May 1st. They now have a GBX 265 ($4.47) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Tesco PLC in a research note on Wednesday, April 23rd. They now have a GBX 275 ($4.64) price target on the stock. Thirteen analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 335.43 ($5.66).
Tesco PLC, incorporated on November 27, 1947, is engaged in retailing and associated activities in the United Kingdom, China, the Czech Republic, Hungary, the Republic of Ireland, India, Malaysia, Poland, Slovakia, South Korea, Thailand and Turkey.
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