UK-based companies Tesco PLC (GB:TSCO) and Prudential (GB:PRU) scored ten on ten on the TipRanks Smart Score tool. These businesses have the potential to outperform the market returns as evidenced by their inclusion on the Smart Score list over the past month.
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The cherry on the cake is the “Strong Buy” ratings from analysts for both of these stocks.
Stock market volatility seems to be part of our lives now. Even though investors are hopeful as they await the bull run, the recessionary pressures have made investing hard. For such scenarios, TipRanks’ Top Smart Score Stocks offer users an easy way to find stocks.
This tool assigns a number between 1 and 10 to every stock after analyzing them on eight different factors. The stocks with a score of eight and above are more likely to perform better and beat the overall market returns.
Let’s have a closer look at them.
Tesco PLC
Tesco is a leading retail company that provides groceries, consumables, cosmetics, and more to its consumers in the UK and Central Europe. The company’s stock has started the year on a strong note and surpassed the overall FTSE 100 performance. YTD, the shares have gained almost 15%.
Tesco was recently added to the “Perfect 10” club around 12 days ago. The company has a positive news score, a Buy signal on the technical analysis, and a positive sign on the insider trading on TipRanks. The insiders have bought around £80,000 worth of shares in the last three months.
Analysts are bullish on the stock based on factors like stable top-line growth, brand value, and cost-saving measures. The company has a three-year plan to achieve a savings target of £1 billion, which started in the fiscal year 2022-23. On the downside, inflation and slower economic activity remain headwinds for the company.
Tesco Share Price Forecast
According to TipRanks’ analyst consensus, TSCO stock has a Strong Buy rating. This is based on all six Buy ratings.
The average price target is 281.2p, which is 6.8% higher than the current trading level.
Prudential PLC
Prudential is a British insurance company that provides services to around 19 million customers across Asia and Africa.
Twenty days ago, Prudential stock was assigned a perfect score of 10 on the Smart Score. This was based mainly on the company’s Buy indication on the technical analysis, Neutral news sentiment, and Strong Buy rating from analysts. In terms of fundamentals, the company had an ROE (return on equity) of 6.3% in the last 12 months.
Last month, the company reported its full-year earnings for 2022, highlighting its favorable opportunities for 2023. The company is betting big on the growing markets in Asia and Africa, with access to more than 5 billion people. Moreover, the COVID-19 restrictions have been eased, and the earlier impacts have now stabilized, which will drive higher sales for the company.
Is Prudential a Good Stock to Buy Now?
Based on all 13 Buy recommendations, PRU stock has a Strong Buy rating on TipRanks.
The average price target is 1,661.7p, which implies an upside of 50% from the current levels.
Conclusion
Both Tesco and Prudential benefit from market leadership, brand loyalty, and sales growth. The top Smart Scores and Strong Buy ratings just make them an attractive option for investors.
