Tesco (LON:TSCO) Receives Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Friday, Marketbeat reports. The firm currently has a GBX 350 ($4.40) price target on the retailer’s stock.

Several other equities research analysts have also recently issued reports on TSCO. Shore Capital reissued a buy rating on shares of Tesco in a research report on Wednesday, April 10th. Jefferies Financial Group reissued a buy rating and set a GBX 350 ($4.40) price objective on shares of Tesco in a research note on Thursday, April 11th.

Tesco Price Performance

LON:TSCO opened at GBX 298.30 ($3.75) on Friday. The firm has a market cap of £20.79 billion, a price-to-earnings ratio of 1,193.20, a price-to-earnings-growth ratio of 0.06 and a beta of 0.52. Tesco has a 12-month low of GBX 244.20 ($3.07) and a 12-month high of GBX 306.10 ($3.85). The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 127.23. The company’s 50-day moving average is GBX 288.54 and its two-hundred day moving average is GBX 286.23.

Tesco Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a dividend of GBX 8.25 ($0.10) per share. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Tesco’s previous dividend of $3.85. Tesco’s dividend payout ratio is 4,800.00%.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.