Tesco (LON:TSCO) Rating Reiterated by Shore Capital

Shore Capital restated their buy rating on shares of Tesco (LON:TSCO) in a report issued on Wednesday, Digital Look reports.

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A number of other brokerages also recently issued reports on TSCO. Goldman Sachs Group reiterated a buy rating on shares of Tesco in a research report on Tuesday, August 13th. Barclays increased their price target on Tesco from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the stock an overweight rating in a research report on Wednesday, October 9th. Deutsche Bank lowered their price target on Tesco from GBX 295 ($3.85) to GBX 285 ($3.72) and set a buy rating on the stock in a research report on Thursday, October 3rd. Sanford C. Bernstein reiterated an outperform rating on shares of Tesco in a research report on Monday, September 23rd. Finally, Investec increased their price target on Tesco from GBX 255 ($3.33) to GBX 270 ($3.53) and gave the stock a buy rating in a research report on Wednesday, August 28th. Thirteen equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of GBX 284.60 ($3.72).

Shares of TSCO stock opened at GBX 237.90 ($3.11) on Wednesday. The company has a market capitalization of $23.30 billion and a P/E ratio of 17.75. The business’s 50 day moving average is GBX 239.74 and its two-hundred day moving average is GBX 233.88. The company has a current ratio of 0.80, a quick ratio of 0.47 and a debt-to-equity ratio of 123.58. Tesco has a 12-month low of GBX 187.05 ($2.44) and a 12-month high of GBX 293.40 ($3.83).

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 2.65 ($0.03) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 1.1%. Tesco’s payout ratio is currently 0.52%.

In other news, insider Mikael Olsson bought 15,000 shares of Tesco stock in a transaction on Friday, October 4th. The stock was acquired at an average price of GBX 235 ($3.07) per share, with a total value of £35,250 ($46,060.37).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

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Analyst Recommendations for Tesco (LON:TSCO)

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