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).
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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