Tesco (TSCO) Stock Rating Upgraded by Goldman Sachs Group

Tesco (LON:TSCO) was upgraded by equities research analysts at Goldman Sachs Group to a “buy” rating in a report released on Tuesday. The firm presently has a GBX 220 ($2.96) price objective on the retailer’s stock, up from their previous price objective of GBX 155 ($2.09). Goldman Sachs Group’s price objective would suggest a potential upside of 8.45% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Wednesday, November 22nd. Credit Suisse Group lifted their price objective on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the company an “underperform” rating in a research note on Monday, October 30th. reissued a “buy” rating and set a GBX 225 ($3.03) price objective on shares of Tesco in a research note on Wednesday, September 13th. Deutsche Bank reissued a “buy” rating and set a GBX 240 ($3.23) price objective on shares of Tesco in a research note on Wednesday, November 15th. Finally, Berenberg Bank started coverage on Tesco in a research note on Tuesday, October 3rd. They set a “hold” rating and a GBX 180 ($2.42) price objective for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Tesco has an average rating of “Hold” and a consensus target price of GBX 205.29 ($2.76).

Shares of Tesco (LON:TSCO) opened at GBX 202.85 ($2.73) on Tuesday. Tesco has a 52-week low of GBX 165.35 ($2.23) and a 52-week high of GBX 219.40 ($2.95).

In other news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was purchased at an average price of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). In the last ninety days, insiders have acquired 20,307 shares of company stock valued at $3,797,735.

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Tesco Company Profile

Tesco PLC (Tesco) is a 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, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.

Analyst Recommendations for Tesco (LON:TSCO)

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