Tesco (TSCO) Price Target Raised to GBX 277
Tesco (LON:TSCO) had its price objective boosted by Goldman Sachs Group from GBX 265 ($3.46) to GBX 277 ($3.62) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a buy rating on the retailer’s stock.
Several other research analysts have also issued reports on TSCO. UBS Group restated a buy rating on shares of Tesco in a report on Tuesday, February 19th. HSBC lowered their price target on shares of Tesco from GBX 290 ($3.79) to GBX 265 ($3.46) and set a buy rating for the company in a report on Friday, January 4th. Barclays restated an overweight rating on shares of Tesco in a report on Monday, January 7th. Morgan Stanley initiated coverage on shares of Tesco in a report on Thursday, February 7th. They set an overweight rating for the company. Finally, Jefferies Financial Group lowered their price target on shares of Tesco from GBX 280 ($3.66) to GBX 265 ($3.46) and set a buy rating for the company in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Tesco currently has an average rating of Buy and a consensus target price of GBX 273.38 ($3.57).
LON:TSCO opened at GBX 250.10 ($3.27) on Wednesday. The company has a debt-to-equity ratio of 55.22, a quick ratio of 0.48 and a current ratio of 0.62. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 266.80 ($3.49). The company has a market cap of $24.35 billion and a P/E ratio of 22.33.
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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