Goldman Sachs Group Reiterates Top Pick Rating for Tesco (TSCO)

Tesco (LON:TSCO)‘s stock had its “top pick” rating reissued by research analysts at Goldman Sachs Group in a report released on Thursday. They presently have a GBX 220 ($2.94) target price on the retailer’s stock. Goldman Sachs Group’s price target indicates a potential upside of 4.91% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. BNP Paribas downgraded shares of Tesco to an “underperform” rating and set a GBX 165 ($2.21) price target on the stock. in a research note on Wednesday, September 13th. Deutsche Bank reissued a “buy” rating and issued a GBX 240 ($3.21) price target on shares of Tesco in a research note on Wednesday, September 20th. Macquarie reissued an “outperform” rating and issued a GBX 250 ($3.34) price target on shares of Tesco in a research note on Tuesday, September 26th. Jefferies Group boosted their price target on shares of Tesco from GBX 180 ($2.41) to GBX 185 ($2.47) and gave the company a “hold” rating in a research note on Thursday, September 28th. Finally, Kepler Capital Markets reissued a “hold” rating and issued a GBX 189 ($2.53) price target on shares of Tesco in a research note on Thursday, September 28th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Tesco has an average rating of “Hold” and an average target price of GBX 205.29 ($2.74).

Shares of Tesco (LON:TSCO) opened at GBX 209.70 ($2.80) on Thursday. The stock has a market cap of $17,180.00 and a P/E ratio of 3,495.00. Tesco has a 52 week low of GBX 165.35 ($2.21) and a 52 week high of GBX 215.16 ($2.88).

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About Tesco

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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