J.P. Morgan Sticks to Their Buy Rating for Tesco plc (TSCO)

J.P. Morgan analyst Borja Olcese reiterated a Buy rating on Tesco plc today. The company’s shares opened today at p453.60.

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According to TipRanks, Olcese is a 4-star analyst with an average return of 10.0% and a 64.36% success rate. Olcese covers the Consumer Defensive sector, focusing on stocks such as Koninklijke Ahold Delhaize N.V., Jeronimo Martins SGPS, and Tesco plc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tesco plc with a p460.11 average price target, representing a 1.44% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a £5.00 price target.

TSCO market cap is currently £27.82B and has a P/E ratio of 18.72.

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.