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Barclays Sticks to Their Buy Rating for Tesco plc (TSCO)

Tipranks - Tipranks - Sat Jun 20, 1:35AM 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 a 3-star analyst with an average return of 2.1% and a 45.59% success rate.

In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a p560.00 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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