a day ago
Tesco plc (TSCO) Receives a Buy from Jefferies
Jefferies analyst Frederick Wild maintained a Buy rating on Tesco plc (TSCO – Research Report) on June 12 and set a price target of £4.40. The company's shares closed yesterday at p398.20.
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Wild covers the Consumer Cyclical sector, focusing on stocks such as Koninklijke Ahold Delhaize N.V., Marks and Spencer, and Hugo Boss. According to TipRanks, Wild has an average return of 7.2% and a 68.75% success rate on recommended stocks.
In addition to Jefferies, Tesco plc also received a Buy from Citi's Monique Pollard in a report issued on June 9. However, on June 12, Kepler Capital maintained a Hold rating on Tesco plc (LSE: TSCO).
Based on Tesco plc's latest earnings release for the quarter ending February 22, the company reported a quarterly revenue of p35.14 billion and a net profit of p575 million. In comparison, last year the company earned a revenue of p34.04 billion and had a net profit of p267 million
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSCO in relation to earlier this year.
