Tesco PLC 16.5% upside potential indicated by JP Morgan

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Tesco PLC with ticker (LON:TSCO) now has a potential upside of 16.5% according to JP Morgan.

JP Morgan set a target price of GBX 270 for the company, which compared to Tesco PLC’s share price of GBX 226 at the open today (23/12/2022), indicates a potential upside of 16.5%. Trading ranges between 194 (52 week low) and 304 (52 week high) with an average of 19,134,608 shares exchanging hands each day. The market capitalization at the time of writing is £16,696,417,472.

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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