Tesco (LON:TSCO) Rating Reiterated by Barclays

Barclays reissued their overweight rating on shares of Tesco (LON:TSCO) in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have a GBX 350 ($4.40) price objective on the retailer’s stock.

A number of other equities analysts have also issued reports on TSCO. Jefferies Financial Group reissued a buy rating and set a GBX 350 ($4.40) price target on shares of Tesco in a report on Thursday, April 11th. Shore Capital reaffirmed a buy rating on shares of Tesco in a research report on Wednesday, April 10th.

Tesco Trading Down 0.5 %

Shares of Tesco stock opened at GBX 298.30 ($3.75) on Friday. The company has a debt-to-equity ratio of 129.69, a quick ratio of 0.60 and a current ratio of 0.74. The company has a market capitalization of £21.00 billion, a P/E ratio of 1,491.50, a PEG ratio of 3.35 and a beta of 0.52. Tesco has a 1 year low of GBX 244.20 ($3.07) and a 1 year high of GBX 306.10 ($3.84). The company’s fifty day moving average is GBX 288.14 and its two-hundred day moving average is GBX 286.06.

Tesco Increases Dividend

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