Goldman Sachs Group upgraded shares of Tesco (LON:TSCO) to a buy rating in a report issued on Tuesday morning. They currently have GBX 220 ($2.96) target price on the retailer’s stock, up from their prior target price of GBX 155 ($2.09).
Several other brokerages have also issued reports on TSCO. reissued a buy rating and issued a GBX 225 ($3.03) price target on shares of Tesco in a research note on Monday, October 2nd. Berenberg Bank reaffirmed a hold rating and set a GBX 190 ($2.56) target price on shares of Tesco in a research report on Friday, November 24th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 145 ($1.95) target price on shares of Tesco in a research report on Tuesday, August 29th. Deutsche Bank reaffirmed a buy rating on shares of Tesco in a research report on Wednesday, October 18th. Finally, Kepler Capital Markets reaffirmed a hold rating and set a GBX 189 ($2.54) target price on shares of Tesco in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 205.29 ($2.76).
Tesco (LON TSCO) opened at GBX 204.76 ($2.76) 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 Tesco news, insider John Allan acquired 20,000 shares of Tesco stock in a transaction on Thursday, October 5th. The stock was purchased at an average price of GBX 187 ($2.52) per share, for a total transaction of £37,400 ($50,336.47). Insiders purchased a total of 20,234 shares of company stock valued at $3,784,011 over the last three months.
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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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