Tesco plc (TSCO) Receives a Buy from Barclays

In a report released today, James Anstead from Barclays maintained a Buy rating on Tesco plc, with a price target of £5.00. The company’s shares closed yesterday at p449.96.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Anstead covers the Consumer Defensive sector, focusing on stocks such as Tesco plc, Koninklijke Ahold Delhaize N.V., and J Sainsbury plc. According to TipRanks, Anstead has an average return of 12.9% and a 65.26% success rate on recommended stocks.

Tesco plc has an analyst consensus of Strong Buy, with a price target consensus of p456.60, representing a 1.48% upside. In a report released yesterday, Goldman Sachs also assigned a Buy rating to the stock with a p510.00 price target.

TSCO market cap is currently £27.82B and has a P/E ratio of 18.46.

Based on the recent corporate insider activity of 89 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.