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

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Shares of Tesco PLC (LON:TSCO) have been given an average rating of “Buy” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Thirteen investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is GBX 284.44 ($3.72).

Several research analysts recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Tesco from GBX 275 ($3.59) to GBX 285 ($3.72) and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group upped their price target on shares of Tesco from GBX 276 ($3.61) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research report on Friday, November 29th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, November 19th. Deutsche Bank reduced their price target 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 report on Thursday, October 3rd. Finally, Investec upped their price target 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.

LON:TSCO traded up GBX 3.43 ($0.04) during trading hours on Friday, reaching GBX 230.43 ($3.01). The company’s stock had a trading volume of 3,909,377 shares, compared to its average volume of 45,150,000. The company has a market capitalization of $22.53 billion and a P/E ratio of 17.20. Tesco has a 12 month low of GBX 187.05 ($2.44) and a 12 month high of GBX 293.40 ($3.83). The company has a debt-to-equity ratio of 123.58, a quick ratio of 0.47 and a current ratio of 0.80. The stock has a 50 day moving average price of GBX 236.19 and a two-hundred day moving average price of GBX 231.84.

The company also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th were issued a dividend of GBX 2.65 ($0.03) per share. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.1%. Tesco’s dividend payout ratio is currently 0.52%.

In other news, insider Mikael Olsson bought 15,000 shares of the stock in a transaction dated Friday, October 4th. The shares were acquired at an average price of GBX 235 ($3.07) per share, with a total value of £35,250 ($46,060.37).

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.

See Also: What does the Producer Price Index (PPI) tell investors?

Analyst Recommendations for Tesco (LON:TSCO)

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