Tesco shares (LON: TSCO) have had their outlook revised at JPMorgan, with an adjustment in price target on TSCO from 410p to 400p. Despite the trim in target price, the firm has maintained an “overweight” rating on Tesco’s stock, indicating its potential to outperform in the market with an expected upside of more than 10% from its current trading level.
Tesco's share price trades down 0.19% on the day at 359p, a mild outperformance on the FTSE 100‘s decline of 0.32%. Outperformance has been a theme over the past year for the stock, with Tesco delivering a gain of more than 19%, against the Footsie's more muted 8% rise.
The company has a market capitalisation of £24.54 billion and a PE ratio slightly above 19, reflecting its significant presence in the UK retail market.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- XTB UK regulated by the FCA – Read our Review
- Admiral Markets More than 4500 stocks & over 200 ETFs available to invest in – Read our Review
- BlackBull 26,000+ Shares, Options, ETFs, Bonds, and other underlying assets – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
