Tesco: sale of banking business welcomed by UBS
(CercleFinance.com) - UBS confirms its 'buy' recommendation on Tesco shares, with a target price maintained at 410 pence, offering 20% upside potential for the British retail giant's shares.
Tesco has completed the disposal of its banking business, while announcing a further £700m share buyback program, following the completion of its existing £1bn program, the broker says.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Tesco has completed the disposal of its banking business, while announcing a further £700m share buyback program, following the completion of its existing £1bn program, the broker says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.