Tesco (TSCO) Upgraded to Buy at Goldman Sachs Group
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).
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.
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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