Goldman Sachs Group Upgrades Tesco (TSCDY) to “Buy”

Tesco (OTCMKTS:TSCDY) was upgraded by Goldman Sachs Group from a “sell” rating to a “buy” rating in a report released on Tuesday.

Several other research firms have also issued reports on TSCDY. Zacks Investment Research upgraded shares of Tesco from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Thursday, September 28th. Berenberg Bank initiated coverage on shares of Tesco in a report on Tuesday, October 3rd. They issued a “hold” rating on the stock. Finally, BNP Paribas downgraded shares of Tesco from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.50.

Shares of Tesco (OTCMKTS:TSCDY) opened at $8.11 on Tuesday. Tesco has a one year low of $6.34 and a one year high of $8.24.

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About Tesco

Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. 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.

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