Tesco PLC 14.0% upside potential indicated by JP Morgan Cazenove

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Tesco PLC (LON:TSCO) now has a potential upside of 14.0% according to JP Morgan Cazenove.

JP Morgan Cazenove set a GBX 240 price target on the company, which compared to Tesco PLC’s GBX 206 share price at today’s (10/18/2022) open, indicating a potential upside of 14.0%. Trading ranges between 194 (52 week low) and 304 (52 week high) with an average of 27,083,617 shares exchanging hands each day. The market capitalization at the time of writing is £15,151,395,678.

Tesco PLC (Tesco) is a retail company. The company is engaged in retail trade and related activities (Retail Trade) and retail banking and insurance services. The company’s segments include UK & ROI and Central Europe and Tesco Bank. The UK & ROI segment includes the United Kingdom and the Republic of Ireland. The Central Europe segment includes the Czech Republic, Hungary and Slovakia. The Tesco Bank segment includes retail banking and insurance services through Tesco Bank in the UK. The company’s businesses include Tesco UK, Tesco Czech Republic, Tesco Hungary, Tesco Ireland, Tesco Slovakia, Tesco Bank and dunnhumby. The company offers a range of personal banking products and services that include credit card receivables, personal current accounts and personal loans.

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