Tesco PLC (LON:TSCO) has received an average recommendation of “Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 285.56 ($3.73).
TSCO has been the topic of several research reports. Investec raised their price objective on shares of 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. Sanford C. Bernstein restated an “outperform” rating on shares of Tesco in a research note on Monday, September 23rd. Jefferies Financial Group raised their target price on shares of Tesco from GBX 275 ($3.59) to GBX 285 ($3.72) and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. HSBC restated a “buy” rating and issued a GBX 275 ($3.59) target price on shares of Tesco in a research note on Friday, June 28th. Finally, Deutsche Bank reduced their target price on shares of Tesco from GBX 295 ($3.85) to GBX 285 ($3.72) and set a “buy” rating for the company in a research note on Thursday, October 3rd.
In related news, insider Mikael Olsson acquired 15,000 shares of Tesco stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of GBX 235 ($3.07) per share, for a total transaction of £35,250 ($46,060.37).
The company also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th will be paid a GBX 2.65 ($0.03) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 10th. Tesco’s dividend payout ratio (DPR) is presently 0.52%.
Tesco Company Profile
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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