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Tesco plc (TSCO) Receives a Buy from Deutsche Bank

Tipranks - Tipranks - Wed Jun 10, 8:12AM CDT

Deutsche Bank analyst Benjamin Zoega reiterated a Buy rating on Tesco plc today and set a price target of p525.00.

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According to TipRanks, Zoega is a 3-star analyst with an average return of 4.4% and a 73.91% success rate.

In a report released on June 5, Bernstein also maintained a Buy rating on the stock with a p520.00 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 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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