Tesco plc (TSCO) Receives a Buy from Barclays
Barclays analyst Matthew Clements maintained a Buy rating on Tesco plc today and set a price target of £5.15.
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According to TipRanks, Clements is a 3-star analyst with an average return of 6.2% and a 63.46% success rate. Clements covers the Consumer Defensive sector, focusing on stocks such as Jeronimo Martins SGPS, Koninklijke Ahold Delhaize N.V., and B&M European Value Retail SA.
In addition to Barclays, Tesco plc also received a Buy from TipRanks – Google’s Google Consumer Defensive GB in a report issued yesterday. However, on the same day, TipRanks – DeepSeek reiterated 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 neutral on the stock.
Read More on GB:TSCO:
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- Tesco CTO Guus Dekkers Sells £1.17m Stake in Share Deal
- Tesco Executives Add Shares Through Routine Incentive Plan Purchases
- Tesco Confirms Total Voting Rights with Over 6.38 Billion Shares in Issue
- Tesco Executives Acquire Shares Under Company Incentive Plan
- Tesco Cuts Share Count Further as £1.45bn Buyback Nears Completion
