Kepler Capital Remains a Hold on Tesco plc (TSCO)
In a report released on April 16, Francois Digard from Kepler Capital maintained a Hold rating on Tesco plc, with a price target of p495.00. The company’s shares closed last Friday at p494.05.
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According to TipRanks, Digard is a 4-star analyst with an average return of 12.0% and a 78.26% success rate.
Currently, the analyst consensus on Tesco plc is a Moderate Buy with an average price target of p496.25, which is a 0.45% upside from current levels. In a report released on April 16, Jefferies also reiterated a Hold rating on the stock with a p430.00 price target.
Based on Tesco plc’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of p37.68 billion and a net profit of p837 million. In comparison, last year the company earned a revenue of p35.14 billion and had a net profit of p575 million
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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