Jefferies Remains a Hold on Tesco plc (TSCO)
In a report released yesterday, Frederick Wild from Jefferies reiterated a Hold rating on Tesco plc, with a price target of p430.00. The company’s shares closed yesterday at p422.00.
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According to TipRanks, Wild is a 2-star analyst with an average return of 1.8% and a 51.11% success rate. Wild covers the Consumer Defensive sector, focusing on stocks such as Tesco plc, J Sainsbury plc, and Koninklijke Ahold Delhaize N.V..
In addition to Jefferies, Tesco plc also received a Hold from RBC Capital’s Manjari Dhar in a report issued on January 12. However, on the same day, J.P. Morgan reiterated a Buy 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 neutral on the stock.
Read More on GB:TSCO:
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