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Tesco PLC 20.4% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Tesco PLC using EPIC/TICKER code (LON:TSCO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Tesco PLC are listed in the Consumer Services sector within UK Main Market. JP Morgan Cazenove have set their target price at 300 GBX on its stock. This now indicates the analyst believes there is a possible upside of 20.4% from the opening price of 249.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.8 points and increased 5.6 points respectively. The 1 year high stock price is 260.4 GBX while the 52 week low for the share price is 210.7 GBX.

Tesco PLC has a 50 day moving average of 244.40 GBX and a 200 day moving average of 238.44. There are currently 9,793,496,561 shares in issue with the average daily volume traded being 24,778,027. Market capitalisation for LON:TSCO is £24,503,328,096 GBP.

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