JPMorgan Chase & Co. Reiterates “Underweight” Rating for Tesco PLC (TSCO)
Shares of Tesco PLC (LON:TSCO) traded down 0.63% on Thursday, hitting GBX 291.65. The stock had a trading volume of 18,896,254 shares. Tesco PLC has a 52-week low of GBX 278.50 and a 52-week high of GBX 382.00. The stock’s 50-day moving average is GBX 297.3 and its 200-day moving average is GBX 315.8. The company’s market cap is £23.551 billion.
A number of other firms have also recently commented on TSCO. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 265 ($4.44) price target on the stock. Separately, analysts at Shore Capital reiterated a “sell” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 294 ($4.93) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday. They now have a GBX 300 ($5.03) price target on the stock. Thirteen analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 333.08 ($5.58).
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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