Tesco (TSCO) Earns “Overweight” Rating from Barclays

Barclays reissued their overweight rating on shares of Tesco (LON:TSCO) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

TSCO has been the topic of several other research reports. UBS Group restated a buy rating on shares of Tesco in a report on Tuesday, February 19th. Morgan Stanley initiated coverage on Tesco in a report on Thursday, February 7th. They set an overweight rating on the stock. Jefferies Financial Group restated a buy rating on shares of Tesco in a report on Tuesday, April 9th. Shore Capital restated a buy rating on shares of Tesco in a report on Monday, January 28th. Finally, BNP Paribas restated an outperform rating and set a GBX 275 ($3.59) price target (up previously from GBX 220 ($2.87)) on shares of Tesco in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 280.33 ($3.66).

LON:TSCO opened at GBX 234.70 ($3.07) on Friday. Tesco has a fifty-two week low of GBX 187.05 ($2.44) and a fifty-two week high of GBX 266.80 ($3.49). The firm has a market cap of $22.85 billion and a P/E ratio of 17.26. The company has a debt-to-equity ratio of 49.02, a quick ratio of 0.48 and a current ratio of 0.61.

The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 16th will be given a GBX 4.10 ($0.05) dividend. This represents a yield of 1.75%. The ex-dividend date is Thursday, May 16th. This is an increase from Tesco’s previous dividend of $1.67. Tesco’s dividend payout ratio is 0.44%.

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.

Further Reading: Technical Analysis

Analyst Recommendations for Tesco (LON:TSCO)

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