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Tesco plc (TSCO) Gets a Hold from RBC Capital

Tipranks - Tipranks - Tue Jan 13, 8:32PM CST

In a report released yesterday, Manjari Dhar from RBC Capital maintained a Hold rating on Tesco plc, with a price target of p440.00.

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According to TipRanks, Dhar is a 2-star analyst with an average return of 1.0% and a 53.09% success rate. Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Pets at Home, and Dunelm Group.

In addition to RBC Capital, Tesco plc also received a Hold from Kepler Capital ‘s Francois Digard in a report issued on January 6. However, yesterday, J.P. Morgan reiterated a Buy rating on Tesco plc (LSE: TSCO).

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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 72 insiders, corporate insider sentiment is neutral on the stock.

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