Tesco PLC (TSCO) Receives “Sell” Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their sell rating on shares of Tesco PLC (LON:TSCO) in a research note published on Friday. They currently have a GBX 142 ($1.85) price objective on the retailer’s stock.
A number of other research analysts also recently weighed in on the company. Macquarie restated an outperform rating and issued a GBX 250 ($3.26) price target on shares of Tesco PLC in a research note on Monday, September 19th. Bryan, Garnier & Co restated a sell rating and issued a GBX 166 ($2.17) price target on shares of Tesco PLC in a research note on Wednesday, October 5th. Shore Capital restated a hold rating on shares of Tesco PLC in a research note on Wednesday, August 31st. Deutsche Bank AG restated a hold rating on shares of Tesco PLC in a research note on Wednesday, July 27th. Finally, Citigroup Inc. restated a buy rating on shares of Tesco PLC in a research note on Monday, September 12th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Tesco PLC has an average rating of Hold and a consensus price target of GBX 193.16 ($2.52).
Tesco PLC (LON:TSCO) traded up 0.94% during mid-day trading on Friday, hitting GBX 203.10. The stock had a trading volume of 23,496,378 shares. The firm’s market capitalization is GBX 16.51 billion. Tesco PLC has a one year low of GBX 137.00 and a one year high of GBX 214.85. The stock’s 50 day moving average price is GBX 173.37 and its 200 day moving average price is GBX 169.77.
About Tesco PLC
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
Receive News & Ratings for Tesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.