Tesco PLC (LON:TSCO) Receives GBX 282 Average Target Price from Brokerages

Shares of Tesco PLC (LON:TSCO) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 282 ($3.68).

Several brokerages have recently commented on TSCO. Berenberg Bank decreased their price objective on shares of Tesco from GBX 286 ($3.74) to GBX 280 ($3.66) and set a “buy” rating on the stock in a research report on Monday, April 19th. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Wednesday, May 5th.

Shares of LON:TSCO opened at GBX 231.15 ($3.02) on Tuesday. The company has a debt-to-equity ratio of 127.14, a current ratio of 0.68 and a quick ratio of 0.51. Tesco has a 1-year low of GBX 217.10 ($2.84) and a 1-year high of GBX 317.55 ($4.15). The stock has a market capitalization of £17.87 billion and a P/E ratio of 2.87. The firm’s 50 day moving average price is GBX 226.78.

The business also recently declared a dividend, which will be paid on Friday, July 2nd. Shareholders of record on Thursday, May 20th will be paid a GBX 5.95 ($0.08) dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend is Thursday, May 20th. Tesco’s payout ratio is currently 0.15%.

In other Tesco news, insider Byron Elmer Grote purchased 4,500 shares of the stock in a transaction that occurred on Friday, April 30th. The stock was purchased at an average price of GBX 306 ($4.00) per share, with a total value of £13,770 ($17,990.59). Also, insider Steve Golsby acquired 8,608 shares of the stock in a transaction dated Thursday, April 15th. The stock was bought at an average cost of GBX 225 ($2.94) per share, with a total value of £19,368 ($25,304.42). Insiders bought 28,169 shares of company stock worth $6,717,647 over the last ninety days.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company operates through convenience and hypermarket store formats, as well as engages in the wholesale business. It also provides retail banking and insurance services. The company operates in the United Kingdom, the Republic of Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand.

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Analyst Recommendations for Tesco (LON:TSCO)

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