Goldman Sachs Group upgraded shares of Tesco (LON:TSCO) to a buy rating in a report published on Tuesday. They currently have GBX 220 ($2.96) price target on the retailer’s stock, up from their previous price target of GBX 155 ($2.09).

TSCO has been the subject of a number of other research reports. reaffirmed a buy rating and issued a GBX 225 ($3.03) target price on shares of Tesco in a report on Monday, October 2nd. Berenberg Bank reaffirmed a hold rating and issued a GBX 190 ($2.56) target price on shares of Tesco in a report on Friday, November 24th. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 145 ($1.95) target price on shares of Tesco in a report on Tuesday, August 29th. Deutsche Bank reaffirmed a buy rating on shares of Tesco in a report on Wednesday, October 18th. Finally, Kepler Capital Markets reaffirmed a hold rating and issued a GBX 189 ($2.54) target price on shares of Tesco in a report on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 205.29 ($2.76).

Tesco (LON TSCO) traded up GBX 5 ($0.07) during trading on Tuesday, hitting GBX 206 ($2.77). The stock had a trading volume of 21,046,162 shares, compared to its average volume of 29,250,000. Tesco has a 12 month low of GBX 165.35 ($2.23) and a 12 month high of GBX 219.40 ($2.95).

The company also recently declared a dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, October 12th were issued a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a yield of 0.54%.

In related news, insider John Allan acquired 20,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was purchased at an average cost of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). In the last quarter, insiders acquired 20,307 shares of company stock worth $3,797,735.

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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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