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Tesco plc (TSCO) Gets a Buy from Bernstein

Tipranks - Sun Jun 7, 10:52AM CDT

Bernstein analyst William Woods maintained a Buy rating on Tesco plc yesterday and set a price target of p520.00. The company’s shares closed yesterday at p454.30.

Claim 55% Off TipRanks

According to TipRanks, Woods is a 4-star analyst with an average return of 8.2% and a 58.46% success rate.

Currently, the analyst consensus on Tesco plc is a Strong Buy with an average price target of p518.64, which is a 14.16% upside from current levels. In a report released on June 4, UBS also maintained a Buy rating on the stock with a p545.00 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 56 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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