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Tesco plc (TSCO) Receives a Buy from UBS

Tipranks - Tipranks - Sat May 23, 6:20AM CDT

UBS analyst Sreedhar Mahamkali maintained a Buy rating on Tesco plc today and set a price target of p545.00.

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According to TipRanks, Mahamkali is ranked #8814 out of 12208 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tesco plc with a p518.50 average price target.

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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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