Tesco PLC with ticker (LON:TSCO) now has a potential downside of -21.7% according to JP Morgan.
JP Morgan set a target price of 240 GBX for the company, which when compared to the Tesco PLC share price of 307 GBX at opening today (17/05/2024) indicates a potential downside of -21.7%. Trading has ranged between 244 (52 week low) and 315 (52 week high) with an average of 19,806,763 shares exchanging hands daily. The market capitalisation at the time of writing is £21,732,628,574.
Tesco PLC is a United Kingdom-based retail company. The Company is engaged in the business of retailing and associated activities (Retail) and retail banking and insurance services. The Company’s segments include UK & ROI and Central Europe. The UK & ROI segment includes United Kingdom and Republic of Ireland. The Central Europe segment includes Czech Republic, Hungary and Slovakia. The Company’s businesses include Tesco UK & ROI, Tesco Bank, Booker, dunnhumby, Tesco Czech Republic, Tesco Hungary and Tesco Slovakia. Booker is food and drink wholesaler.
Tesco PLC -21.7% potential downside indicated by JP Morgan
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- Written by: Charlotte Edwards
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