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Tesco plc (TSCO) Gets a Buy from Shore Capital

Tipranks - Fri Apr 17, 10:32PM CDT

Shore Capital analyst reiterated a Buy rating on Tesco plc yesterday. The company’s shares closed yesterday at p494.05.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tesco plc with a p487.86 average price target.

Based on Tesco plc’s latest earnings release for the quarter ending August 23, the company reported a quarterly revenue of p36.04 billion and a net profit of p950 million. In comparison, last year the company earned a revenue of p34.77 billion and had a net profit of p1.05 billion

Based on the recent corporate insider activity of 69 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.

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