Trading Report: The Goldman Sachs Group Inc. Reaffirms Sell Rating for Tesco PLC (TSCO)

The Goldman Sachs Group Inc. Reaffirms Sell Rating for Tesco PLC (TSCO)

Goldman Sachs Group Inc. reissued their sell rating on shares of Tesco PLC (LON:TSCO) in a research report report published on Friday. Goldman Sachs Group Inc. currently has a GBX 142 ($1.76) target price on the retailer’s stock.

Several other equities research analysts have also commented on TSCO. Credit Suisse Group AG restated an underperform rating and issued a GBX 130 ($1.61) price objective on shares of Tesco PLC in a research report on Friday, October 7th. BNP Paribas lowered Tesco PLC to a neutral rating and upped their price objective for the stock from GBX 185 ($2.29) to GBX 200 ($2.48) in a research report on Thursday, October 6th. HSBC restated a hold rating and issued a GBX 195 ($2.41) price objective on shares of Tesco PLC in a research report on Thursday, October 6th. Deutsche Bank AG upped their price objective on Tesco PLC from GBX 185 ($2.29) to GBX 230 ($2.85) and gave the stock a hold rating in a research report on Thursday, October 6th. Finally, Citigroup Inc. restated a buy rating on shares of Tesco PLC in a research report on Thursday, October 6th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 193.16 ($2.39).

Tesco PLC (LON:TSCO) opened at 202.20 on Friday. Tesco PLC has a 12-month low of GBX 137.00 and a 12-month high of GBX 214.85. The stock’s market capitalization is GBX 16.46 billion. The company has a 50 day moving average of GBX 176.05 and a 200-day moving average of GBX 169.51.

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