Tesco (TSCO) Receives Buy Rating from Goldman Sachs Group

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs Group in a report issued on Tuesday, April 2nd, Digital Look reports. They currently have a GBX 265 ($3.46) price target on the retailer’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 5.92% from the company’s current price.

Other equities analysts also recently issued reports about the company. Berenberg Bank restated a “buy” rating and set a GBX 295 ($3.85) price target on shares of Tesco in a report on Tuesday, January 22nd. Jefferies Financial Group raised their price target on Tesco from GBX 265 ($3.46) to GBX 275 ($3.59) and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays restated an “overweight” rating on shares of Tesco in a report on Friday, March 22nd. Shore Capital restated a “buy” rating on shares of Tesco in a report on Thursday, January 10th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 275 ($3.59) price objective (up from GBX 220 ($2.87)) on shares of Tesco in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 275.31 ($3.60).

Shares of LON:TSCO opened at GBX 250.20 ($3.27) on Tuesday. Tesco has a 1-year low of GBX 187.05 ($2.44) and a 1-year high of GBX 266.80 ($3.49). The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02. The firm has a market cap of $24.34 billion and a PE ratio of 18.40.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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