Deutsche Bank Sticks to Their Buy Rating for Tesco plc (TSCO)

In a report released yesterday, Benjamin Zoega from Deutsche Bank reiterated a Buy rating on Tesco plc, with a price target of p490.00. The company’s shares closed today at p422.10.

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According to TipRanks, Zoega is ranked #4540 out of 10356 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tesco plc with a p484.29 average price target, implying a 14.73% upside from current levels. In a report released today, UBS also maintained a Buy rating on the stock with a p500.00 price target.

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 72 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.