Tesco PLC (TSCO) Receives “Sell” Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. restated their sell rating on shares of Tesco PLC (LON:TSCO) in a report released on Friday morning. They currently have a GBX 142 ($1.85) price objective on the retailer’s stock.
TSCO has been the topic of several other research reports. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 135 ($1.76) price target on shares of Tesco PLC in a report on Monday, October 3rd. Barclays PLC reissued an overweight rating and set a GBX 215 ($2.81) price target on shares of Tesco PLC in a research report on Wednesday, September 14th. Citigroup Inc. restated a buy rating on shares of Tesco PLC in a research note on Monday, September 12th. Shore Capital reiterated a hold rating on shares of Tesco PLC in a research note on Wednesday, August 31st. Finally, BNP Paribas reiterated an outperform rating and issued a GBX 200 ($2.61) target price on shares of Tesco PLC in a research note on Friday, August 5th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 193.16 ($2.52).
Shares of Tesco PLC (LON:TSCO) traded up 0.94% during mid-day trading on Friday, hitting GBX 203.10. 23,496,378 shares of the stock traded hands. The stock’s market cap is GBX 16.51 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85. The stock has a 50-day moving average of GBX 173.37 and a 200 day moving average of GBX 169.77.
Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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