Tesco PLC (LON:TSCO – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 306.10 ($3.85) and last traded at GBX 304.70 ($3.83), with a volume of 45563617 shares changing hands. The stock had previously closed at GBX 298.30 ($3.75).
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on TSCO. Jefferies Financial Group restated a “buy” rating and issued a GBX 350 ($4.40) price target on shares of Tesco in a research note on Thursday, April 11th. Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Finally, Barclays reiterated an “overweight” rating and set a GBX 350 ($4.40) price objective on shares of Tesco in a research report on Friday, May 3rd.
Get Our Latest Stock Report on Tesco
Tesco Trading Up 0.8 %
Tesco Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a GBX 8.25 ($0.10) dividend. This is an increase from Tesco’s previous dividend of $3.85. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 2.87%. Tesco’s dividend payout ratio is presently 4,800.00%.
Tesco Company Profile
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.
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