Tesco PLC (LON:TSCO) announced a dividend on Wednesday, October 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 12th will be given a dividend of GBX 1 ($0.01) per share by the retailer on Friday, November 24th. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 12th. The official announcement can be viewed at this link.
Tesco PLC (LON:TSCO) traded down 0.08% during mid-day trading on Wednesday, hitting GBX 187.20. 17,107,618 shares of the stock were exchanged. The stock has a 50 day moving average of GBX 185.06 and a 200-day moving average of GBX 180.31. The stock’s market cap is GBX 15.28 billion. Tesco PLC has a 52-week low of GBX 165.35 and a 52-week high of GBX 219.40.
In related news, insider John Allan bought 20,000 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were bought at an average price of GBX 187 ($2.46) per share, for a total transaction of £37,400 ($49,171.71). Insiders acquired 20,304 shares of company stock worth $3,795,341 in the last quarter.
Several analysts recently weighed in on the company. Credit Suisse Group decreased their price objective on Tesco PLC from GBX 145 ($1.91) to GBX 140 ($1.84) and set an “underperform” rating for the company in a report on Monday, October 2nd. Deutsche Bank AG restated a “buy” rating and issued a GBX 240 ($3.16) price objective on shares of Tesco PLC in a report on Thursday, October 5th. Shore Capital restated a “hold” rating on shares of Tesco PLC in a report on Wednesday, October 4th. Jefferies Group LLC lifted their price objective on Tesco PLC from GBX 180 ($2.37) to GBX 185 ($2.43) and gave the company a “hold” rating in a report on Thursday, September 28th. Finally, HSBC Holdings plc restated a “buy” rating and issued a GBX 225 ($2.96) price objective on shares of Tesco PLC in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 192.56 ($2.53).
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Tesco PLC Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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