Kepler Capital Keeps Their Hold Rating on Tesco plc (TSCO)

In a report released on January 9, Francois Digard from Kepler Capital maintained a Hold rating on Tesco plc (TSCO – Research Report), with a price target of p380.00. The company’s shares closed yesterday at p359.70.

Currently, the analyst consensus on Tesco plc is a Strong Buy with an average price target of p408.57.

The company has a one-year high of p375.70 and a one-year low of p272.30. Currently, Tesco plc has an average volume of 21.76M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSCO in relation to earlier this year.

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Tesco plc (TSCO) Company Description:

Founded in 1919, Tesco is one of the world’s leading food retailers, running nearly 6,700 stores across the U.K. and Ireland (which combine for 78% of sales and 63% of operating profit before exceptional items), Eastern Europe, and Asia. According to Kantar, it is the leader in the U.K. with around 27% market share, nearly double rivals Asda (15%) and J Sainsbury (15%). Tesco is multiformat, running a core supermarket chain but also convenience and neighbourhood stores; additionally, 11% of its global revenue comes from petrol. The group has a leading position online, with 40% digital market share in the U.K.Tesco gained exposure in the cash-and-carry and out-of-home delivered markets through the 2017 acquisition of Booker Group in a groundbreaking GBP 4 billion deal.