Tesco (LON:TSCO) Receives Buy Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Tesco (LON:TSCO) in a report published on Friday, June 7th, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued a buy rating and issued a GBX 275 ($3.59) price target on shares of Tesco in a research note on Monday, June 3rd. Shore Capital reissued a buy rating on shares of Tesco in a research note on Tuesday, May 21st. Barclays reissued an overweight rating on shares of Tesco in a research note on Friday, May 17th. Goldman Sachs Group boosted their price target on shares of Tesco from GBX 265 ($3.46) to GBX 277 ($3.62) and gave the stock a buy rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 280 ($3.66) price target (up previously from GBX 265 ($3.46)) on shares of Tesco in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Tesco currently has a consensus rating of Buy and a consensus price target of GBX 278.80 ($3.64).

Shares of LON TSCO traded down GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 226.70 ($2.96). The company’s stock had a trading volume of 25,872,675 shares, compared to its average volume of 45,150,000. The company’s fifty day simple moving average is GBX 232.19. The stock has a market cap of $22.07 billion and a price-to-earnings ratio of 16.67. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 266.80 ($3.49). The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02.

The firm also recently disclosed a dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, May 16th were paid a GBX 4.10 ($0.05) dividend. This is a boost from Tesco’s previous dividend of $1.67. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 1.75%. 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.

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Analyst Recommendations for Tesco (LON:TSCO)

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