Tesco (LON:TSCO) Receives Overweight Rating from Barclays

Barclays reaffirmed their overweight rating on shares of Tesco (LON:TSCO) in a report published on Friday morning, MarketBeat.com reports. Barclays currently has a GBX 350 ($4.40) price objective on the retailer’s stock.

A number of other research analysts have also recently weighed in on the stock. Shore Capital restated a buy rating on shares of Tesco in a research note on Wednesday, April 10th. Jefferies Financial Group restated a buy rating and set a GBX 350 ($4.40) target price on shares of Tesco in a research note on Thursday, April 11th.

Tesco Stock Down 0.5 %

TSCO opened at GBX 298.30 ($3.75) on Friday. The company has a debt-to-equity ratio of 127.23, a quick ratio of 0.60 and a current ratio of 0.81. Tesco has a fifty-two week low of GBX 244.20 ($3.07) and a fifty-two week high of GBX 306.10 ($3.85). The firm’s fifty day moving average is GBX 288.54 and its 200 day moving average is GBX 286.23. The stock has a market cap of £20.79 billion, a price-to-earnings ratio of 1,193.20, a price-to-earnings-growth ratio of 0.06 and a beta of 0.52.

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 is Thursday, May 16th. Tesco’s payout ratio is currently 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.