Goldman Sachs Group upgraded shares of Tesco (LON:TSCO) to a buy rating in a research report 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. Deutsche Bank restated a buy rating and issued a GBX 240 ($3.23) target price on shares of Tesco in a research report on Friday, September 1st. Berenberg Bank boosted their target price on Tesco from GBX 180 ($2.42) to GBX 190 ($2.56) and gave the stock a hold rating in a research report on Monday, October 9th. restated a buy rating and issued a GBX 225 ($3.03) target price on shares of Tesco in a research report on Monday, September 25th. Credit Suisse Group boosted their target price on Tesco from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the stock an underperform rating in a research report on Monday, October 30th. Finally, Shore Capital reiterated a hold rating on shares of Tesco in a research report on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 205.29 ($2.76).
Shares of Tesco (LON:TSCO) opened at GBX 203.85 ($2.74) on Tuesday. Tesco has a 12-month low of GBX 165.35 ($2.23) and a 12-month high of GBX 219.40 ($2.95).
In other news, insider John Allan purchased 20,000 shares of Tesco stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average cost of GBX 187 ($2.52) per share, with a total value of £37,400 ($50,336.47). Over the last ninety days, insiders purchased 20,234 shares of company stock worth $3,784,011.
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Tesco Company Profile
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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