Goldman Sachs Keeps Their Buy Rating on Tesco plc (TSCO)
Goldman Sachs analyst maintained a Buy rating on Tesco plc on April 17 and set a price target of p540.00. The company’s shares closed last Friday at p485.20.
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Tesco plc has an analyst consensus of Moderate Buy, with a price target consensus of p496.25, representing a 2.28% upside. In a report released on April 17, Barclays also maintained a Buy rating on the stock with a £5.15 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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