Tesco (LON:TSCO) Earns “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on TSCO. UBS Group reissued a buy rating on shares of Tesco in a research note on Monday, April 8th. Deutsche Bank cut their target price on shares of Tesco from GBX 300 ($3.92) to GBX 295 ($3.85) and set a buy rating on the stock in a research note on Thursday, May 30th. Goldman Sachs Group reissued a buy rating and set a GBX 265 ($3.46) target price on shares of Tesco in a research note on Tuesday, April 2nd. Barclays reissued an overweight rating on shares of Tesco in a research note on Monday. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 280 ($3.66) target price (up from GBX 265 ($3.46)) on shares of Tesco in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 278.90 ($3.64).

Shares of LON:TSCO opened at GBX 229.60 ($3.00) on Tuesday. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 266.80 ($3.49). The firm has a market cap of $22.15 billion and a PE ratio of 16.88. The company has a debt-to-equity ratio of 49.02, a current ratio of 0.61 and a quick ratio of 0.48.

The company also recently announced a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 4.10 ($0.05) per share. This is an increase from Tesco’s previous dividend of $1.67. This represents a yield of 1.75%. The ex-dividend date is Thursday, May 16th. Tesco’s payout ratio is 0.44%.

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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