Tesco (LON:TSCO) Earns Buy Rating from Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Tesco (LON:TSCO) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

TSCO has been the topic of a number of other research reports. UBS Group restated a buy rating and issued a GBX 315 ($4.12) target price (up previously from GBX 305 ($3.99)) on shares of Tesco in a research note on Tuesday, June 11th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 280 ($3.66) price target on shares of Tesco in a research note on Wednesday, June 19th. Shore Capital reiterated a buy rating on shares of Tesco in a research note on Wednesday, June 26th. HSBC reiterated a buy rating and set a GBX 275 ($3.59) price target on shares of Tesco in a research note on Friday, June 28th. Finally, Barclays reiterated an overweight rating on shares of Tesco in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 278.80 ($3.64).

LON:TSCO opened at GBX 212.30 ($2.77) on Tuesday. The firm has a market capitalization of $20.87 billion and a price-to-earnings ratio of 15.61. 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 current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02. The business’s fifty day moving average price is GBX 228.64 and its 200 day moving average price is GBX 232.52.

About Tesco

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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