Tesco’s (TSCO) Top Pick Rating Reiterated at Goldman Sachs Group
Tesco (LON:TSCO)‘s stock had its “top pick” rating restated by analysts at Goldman Sachs Group in a research report issued to clients and investors on Thursday. They presently have a GBX 220 ($2.94) target price on the retailer’s stock. Goldman Sachs Group’s price target indicates a potential upside of 4.91% from the stock’s previous close.
A number of other research analysts have also recently commented on TSCO. BNP Paribas cut Tesco to an “underperform” rating and set a GBX 165 ($2.21) price target on the stock. in a research report on Wednesday, September 13th. Deutsche Bank restated a “buy” rating and issued a GBX 240 ($3.21) price target on shares of Tesco in a research report on Wednesday, September 20th. Macquarie restated an “outperform” rating and issued a GBX 250 ($3.34) price target on shares of Tesco in a research report on Tuesday, September 26th. Jefferies Group raised their price target on Tesco from GBX 180 ($2.41) to GBX 185 ($2.47) and gave the stock a “hold” rating in a research report on Thursday, September 28th. Finally, Kepler Capital Markets restated a “hold” rating and issued a GBX 189 ($2.53) price target 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, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 203.38 ($2.72).
Tesco (TSCO) traded down GBX 1.50 ($0.02) during mid-day trading on Thursday, reaching GBX 209.70 ($2.80). The company’s stock had a trading volume of 22,858,842 shares, compared to its average volume of 21,420,000. The company has a market cap of $17,180.00 and a PE ratio of 3,495.00. Tesco has a 1 year low of GBX 165.35 ($2.21) and a 1 year high of GBX 215.16 ($2.88).
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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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