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.
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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