Tesco PLC (LON:TSCO) has been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 285.56 ($3.73).
Several research firms recently commented on TSCO. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Friday, October 4th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, August 13th. Barclays raised their price target on shares of Tesco from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised 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 note on Wednesday, October 2nd. Finally, HSBC reaffirmed a “buy” rating and issued a GBX 275 ($3.59) price target on shares of Tesco in a research note on Friday, June 28th.
In other Tesco news, insider Mikael Olsson bought 15,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were bought at an average cost of GBX 235 ($3.07) per share, for a total transaction of £35,250 ($46,060.37).
The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 2.65 ($0.03) per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 10th. Tesco’s payout ratio is 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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