Tesco (TSCDY) Upgraded by Goldman Sachs Group to Buy
Tesco (OTCMKTS:TSCDY) was upgraded by research analysts at Goldman Sachs Group from a “sell” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Tesco from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Thursday, September 28th. Berenberg Bank assumed coverage on Tesco in a research report on Tuesday, October 3rd. They set a “hold” rating on the stock. Finally, BNP Paribas downgraded Tesco from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.50.
Shares of Tesco (OTCMKTS:TSCDY) opened at $7.85 on Tuesday. Tesco has a 12-month low of $6.34 and a 12-month high of $8.24.
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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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