Tesco (TSCO) Lifted to “Buy” at Goldman Sachs Group

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).

The company also recently declared a dividend, which was paid on Friday, November 24th. Investors of record on Thursday, October 12th were paid 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 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.

Analyst Recommendations for Tesco (LON:TSCO)

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