Tesco’s (TSCO) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Tesco (LON:TSCO) in a report published on Friday, Marketbeat.com reports.

Several other analysts have also issued reports on TSCO. Shore Capital reiterated a buy rating on shares of Tesco in a research report on Wednesday, April 10th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 350 ($4.43) target price on shares of Tesco in a report on Thursday, April 11th. Finally, Barclays reissued an overweight rating and set a GBX 350 ($4.43) price target on shares of Tesco in a report on Friday, May 3rd.

Tesco Trading Up 0.4 %

TSCO opened at GBX 307.30 ($3.89) on Friday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 127.23. Tesco has a twelve month low of GBX 244.20 ($3.09) and a twelve month high of GBX 316.10 ($4.00). The stock has a market capitalization of £21.39 billion, a price-to-earnings ratio of 1,229.20, a P/E/G ratio of 0.07 and a beta of 0.52. The company has a 50-day simple moving average of GBX 305.99 and a 200 day simple moving average of GBX 294.56.

Tesco Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 16th were paid a dividend of GBX 8.25 ($0.10) per share. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from Tesco’s previous dividend of $3.85. Tesco’s payout ratio is presently 4,800.00%.

About Tesco

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.