UBS Reaffirms Their Buy Rating on Tesco plc (TSCO)
In a report released today, Sreedhar Mahamkali from UBS maintained a Buy rating on Tesco plc, with a price target of p530.00.
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Mahamkali covers the Consumer Cyclical sector, focusing on stocks such as Next plc, H&M Hennes & Mauritz AB Class B, and Greggs plc. According to TipRanks, Mahamkali has an average return of -0.3% and a 49.44% success rate on recommended stocks.
In addition to UBS, Tesco plc also received a Buy from Barclays’s Matthew Clements in a report issued on February 26. 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
