Tesco (LON:TSCO) Given “Buy” Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Tesco (LON:TSCO – Get Rating) in a report issued on Monday, Digital Look reports.

TSCO has been the topic of several other reports. JPMorgan Chase & Co. raised their price objective on Tesco from GBX 270 ($3.36) to GBX 290 ($3.61) and gave the stock an overweight rating in a report on Tuesday, April 18th. Jefferies Financial Group raised Tesco to a buy rating and boosted their price objective for the company from GBX 260 ($3.23) to GBX 310 ($3.86) in a report on Monday, March 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of GBX 312 ($3.88).

Tesco Trading Up 0.2 %

Shares of LON TSCO opened at GBX 265.50 ($3.30) on Monday. The company has a debt-to-equity ratio of 123.29, a quick ratio of 0.60 and a current ratio of 0.72. The business’s 50 day moving average price is GBX 269.19 and its 200-day moving average price is GBX 249.89. Tesco has a fifty-two week low of GBX 194.35 ($2.42) and a fifty-two week high of GBX 285.30 ($3.55). The company has a market cap of £19.38 billion, a price-to-earnings ratio of 2,650.00, a PEG ratio of 3.50 and a beta of 0.64.

Tesco Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 11th will be given a GBX 7.05 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Tesco’s previous dividend of $3.85. This represents a dividend yield of 2.63%. Tesco’s dividend payout ratio is 11,000.00%.

About Tesco

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Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.