UBS Sticks to Its Buy Rating for Tesco plc (TSCO)

UBS analyst Sreedhar Mahamkali maintained a Buy rating on Tesco plc today and set a price target of p500.00.

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Mahamkali covers the Consumer Defensive sector, focusing on stocks such as Tesco plc, Associated British Foods, and Koninklijke Ahold Delhaize N.V.. According to TipRanks, Mahamkali has an average return of 0.1% and a 50.85% success rate on recommended stocks.

In addition to UBS, Tesco plc also received a Buy from Barclays’s James Anstead in a report issued on January 7. However, on January 6, Kepler Capital maintained a Hold rating on Tesco plc (LSE: TSCO).

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.