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Tesco plc (TSCO) Receives a Buy from Barclays

Tipranks - Sat Jan 10, 11:12PM CST

Barclays analyst James Anstead maintained a Buy rating on Tesco plc on January 7 and set a price target of £5.00. The company’s shares closed yesterday at p452.60.

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According to TipRanks, Anstead is ranked #1018 out of 10356 analysts.

In addition to Barclays, Tesco plc also received a Buy from UBS’s Sreedhar Mahamkali in a report issued yesterday. 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 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.

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