Tesco (TSCO) Receives "Buy" Rating from Goldman Sachs

Tesco (TSCO) Receives

Zacks Investment Research lowered shares of Tesco (OTCMKTS:TSCDY) from a buy rating to a hold rating in a research report released on Saturday, March 31st. Barclays reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, March 6th. The firm now has a "buy" rating on the retailer's stock. Independent Research now has GBX 240 ($3.44) target price on the retailer's stock, up from their prior target price of GBX 165 ($2.36). ValuEngine downgraded shares of Tesco from a buy rating to a hold rating in a research note on Monday, April 2nd.

Several other equities analysts have also recently issued reports on TSCDY. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Shore Capital reissued a "buy" rating on shares of Tesco in a report on Thursday, March 1st. Tesco presently has a consensus rating of Hold and a consensus target price of $9.50.

Shares of Tesco PLC (NASDAQ:TSCDY) traded down 0.14% during mid-day trading on Tuesday, hitting $7.16. Tesco has a twelve month low of GBX 165.35 ($2.37) and a twelve month high of GBX 217.31 ($3.11).

TRADEMARK VIOLATION WARNING: This news story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/04/17/tescos-tsco-buy-rating-reiterated-at-goldman-sachs.html. 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. The company serves its customers through 6,902 stores, as well as online.