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Tesco plc (TSCO) Receives a Buy from Barclays

Tipranks - Tipranks - Sat May 16, 1:00AM CDT

Barclays analyst Matthew Clements maintained a Buy rating on Tesco plc today and set a price target of £5.15.

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According to TipRanks, Clements is ranked #6340 out of 12188 analysts.

In addition to Barclays, Tesco plc also received a Buy from Erste Group’s Stephan Lingnau in a report issued on May 4. However, on April 28, Jefferies maintained a Hold rating on Tesco plc (LSE: TSCO).

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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 57 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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