Barclays Reaffirms Overweight Rating for Tesco (LON:TSCO)

Barclays reiterated their overweight rating on shares of Tesco (LON:TSCO) in a research report report published on Friday, Marketbeat reports. They currently have a GBX 350 ($4.40) price target on the retailer’s stock.

TSCO has been the topic of several other research reports. Shore Capital reissued a buy rating on shares of Tesco in a research note on Wednesday, April 10th. Jefferies Financial Group reiterated a buy rating and set a GBX 350 ($4.40) price objective on shares of Tesco in a research report on Thursday, April 11th.

Tesco Price Performance

LON:TSCO opened at GBX 298.30 ($3.75) on Friday. The business’s 50-day simple moving average is GBX 288.14 and its two-hundred day simple moving average is GBX 286.06. Tesco has a 52 week low of GBX 244.20 ($3.07) and a 52 week high of GBX 306.10 ($3.84). The stock has a market cap of £21.00 billion, a PE ratio of 1,491.50, a P/E/G ratio of 3.35 and a beta of 0.52. The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 129.69.

Tesco Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a GBX 8.25 ($0.10) dividend. This is an increase from Tesco’s previous dividend of $3.85. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 16th. Tesco’s payout ratio is currently 5,500.00%.

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.