Tesco PLC (LON:TSCO) Given Consensus Rating of “Buy” by Analysts

Tesco PLC (LON:TSCO) has been given an average rating of “Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 284.43 ($3.72).

TSCO has been the topic of a number of analyst reports. Goldman Sachs Group upped their target price on shares of Tesco from GBX 265 ($3.46) to GBX 277 ($3.62) and gave the stock a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group upped their target price on shares of Tesco from GBX 265 ($3.46) to GBX 275 ($3.59) and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, February 19th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Wednesday, April 10th. Finally, Deutsche Bank upped their target price on shares of Tesco from GBX 275 ($3.59) to GBX 300 ($3.92) and gave the stock a “buy” rating in a report on Tuesday, April 23rd.

Tesco stock traded down GBX 5.30 ($0.07) during midday trading on Friday, reaching GBX 224.20 ($2.93). 7,635,681 shares of the stock were exchanged, compared to its average volume of 45,150,000. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 49.02. The firm has a market capitalization of $21.87 billion and a PE ratio of 16.49. Tesco has a 52 week low of GBX 187.05 ($2.44) and a 52 week high of GBX 266.80 ($3.49).

The business also recently declared a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 16th will be issued a GBX 4.10 ($0.05) dividend. This is a positive change from Tesco’s previous dividend of $1.67. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.75%. Tesco’s dividend payout ratio is presently 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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