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

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).

The business also recently declared a dividend, which was paid on Friday, November 24th. Investors of record on Thursday, October 12th were given a GBX 1 ($0.01) dividend. This represents a yield of 0.54%. The ex-dividend date was Thursday, October 12th.

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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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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