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
- Written by: Charlotte Edwards
Latest Company News
Over the 19 weeks to 3 January 2026, TESCO PLC achieved Group like-for-like sales growth of 2.9%, with particularly strong performance in the UK and ROI. Growth was driven by fresh food, own-brand innovation, online momentum and improved customer satisfaction.
Tesco reported group sales of £33.1bn for H1 2025/26, up 5.1% year-on-year, with adjusted operating profit rising 1.6% to £1.67bn. Adjusted diluted EPS increased 6.8% to 15.43p, and the interim dividend was lifted 12.9% to 4.80p.
Tesco Plc's Q1 Trading Statement for 2025/26 reveals strong performance with increased customer satisfaction and market share gains across the UK and ROI.
Tesco Plc has revealed its impressive Preliminary Results for 2024/25, showcasing strong sales growth and robust operating profit, positioning the brand for future success.
Tesco Plc (LON:TSCO) reports a strong Q3 and Christmas trading performance for 2024/25, marking significant sales growth and increased market share.
Tesco PLC reports strong 2024/25 interim results with sales and profit growth driven by enhanced customer offerings and market share gains.
