Goldman Sachs Group Upgrades Tesco (LON:TSCO) to “Buy”

Tesco (LON:TSCO) was upgraded by research analysts at Goldman Sachs Group to a “buy” rating in a report issued on Tuesday, December 5th. The firm presently has a GBX 220 ($2.96) target price on the retailer’s stock, up from their prior target price of GBX 155 ($2.09). Goldman Sachs Group’s target price indicates a potential upside of 6.13% from the stock’s previous close.

Several other equities research analysts have also weighed in on TSCO. Shore Capital restated a “hold” rating on shares of Tesco in a research report on Tuesday, August 22nd. Credit Suisse Group restated an “underperform” rating and set a GBX 145 ($1.95) price target on shares of Tesco in a research report on Tuesday, August 29th. Deutsche Bank restated a “buy” rating and set a GBX 240 ($3.23) price target on shares of Tesco in a research report on Friday, September 1st. reissued a “buy” rating on shares of Tesco in a report on Wednesday, September 6th. Finally, Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 170 ($2.29) target price on shares of Tesco in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 205.29 ($2.76).

Tesco (TSCO) opened at GBX 207.30 ($2.79) on Tuesday. Tesco has a 12 month low of GBX 165.35 ($2.23) and a 12 month high of GBX 215.16 ($2.90).

In related news, insider John Allan purchased 20,000 shares of Tesco stock in a transaction on Thursday, October 5th. The stock was acquired at an average price of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). In the last 90 days, insiders acquired 20,234 shares of company stock valued at $3,784,011.

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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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