Goldman Sachs Group Reaffirms “Buy” Rating for Tesco (LON:TSCO)

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Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by Goldman Sachs Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently weighed in on TSCO. UBS Group reaffirmed a “buy” rating and set a GBX 315 ($4.12) price objective (up previously from GBX 305 ($3.99)) on shares of Tesco in a research report on Tuesday, June 11th. Deutsche Bank reaffirmed a “buy” rating on shares of Tesco in a research report on Friday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 275 ($3.59) price objective on shares of Tesco in a research report on Wednesday, June 19th. Barclays restated an “overweight” rating on shares of Tesco in a research report on Tuesday, July 16th. Finally, HSBC restated a “buy” rating and issued a GBX 275 ($3.59) target price on shares of Tesco in a research report on Friday, June 28th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 278.80 ($3.64).

Shares of LON:TSCO opened at GBX 214.30 ($2.80) on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02. Tesco has a fifty-two week low of GBX 187.05 ($2.44) and a fifty-two week high of GBX 266.80 ($3.49). The firm’s 50-day simple moving average is GBX 228.86. The company has a market cap of $20.99 billion and a P/E ratio of 15.76.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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