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UBS Keeps Their Buy Rating on Tesco plc (TSCO)

Tipranks - Tipranks - Tue Jan 27, 12:32PM CST

UBS analyst Sreedhar Mahamkali reiterated a Buy rating on Tesco plc today and set a price target of p500.00.

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According to TipRanks, Mahamkali is an analyst with an average return of -0.6% and a 47.19% success rate. Mahamkali covers the Consumer Defensive sector, focusing on stocks such as Tesco plc, Associated British Foods, and Koninklijke Ahold Delhaize N.V..

In addition to UBS, Tesco plc also received a Buy from J.P. Morgan’s Borja Olcese in a report issued on January 12. However, on January 16, Jefferies reiterated 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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