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UBS Reaffirms Their Buy Rating on Tesco plc (TSCO)

Tipranks - Tipranks - Tue Jan 6, 8:16AM CST

UBS analyst Sreedhar Mahamkali reiterated a Buy rating on Tesco plc on January 2 and set a price target of p500.00.

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According to TipRanks, Mahamkali is an analyst with an average return of -0.5% and a 47.43% success rate.

Currently, the analyst consensus on Tesco plc is a Moderate Buy with an average price target of p492.00.

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Based on Tesco plc’s latest earnings release for the quarter ending August 23, the company reported a quarterly revenue of p36.04 billion and a net profit of p950 million. In comparison, last year the company earned a revenue of p34.77 billion and had a net profit of p1.05 billion

Based on the recent corporate insider activity of 70 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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