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).
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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.
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