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

Tipranks - Tipranks - Fri Jan 16, 4:32AM CST

Bernstein analyst maintained a Buy rating on Tesco plc today and set a price target of £4.90.

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In addition to Bernstein, Tesco plc also received a Buy from J.P. Morgan’s Borja Olcese in a report issued on January 12. However, on the same day, RBC Capital maintained a Hold 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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