Analysts Set Tesco PLC (LON:TSCO) Price Target at GBX 285.56
Shares of Tesco PLC (LON:TSCO) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 285.56 ($3.73).
Several research firms have recently weighed in on TSCO. Deutsche Bank decreased their price target on Tesco from GBX 295 ($3.85) to GBX 285 ($3.72) and set a “buy” rating for the company in a research note on Thursday, October 3rd. Jefferies Financial Group boosted their price target on Tesco from GBX 275 ($3.59) to GBX 285 ($3.72) and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein restated an “outperform” rating on shares of Tesco in a research note on Monday, September 23rd. Investec lifted their price objective on Tesco from GBX 255 ($3.33) to GBX 270 ($3.53) and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, August 13th.
In other news, insider Mikael Olsson acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was bought at an average price of GBX 235 ($3.07) per share, with a total value of £35,250 ($46,060.37).
The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be issued a GBX 2.65 ($0.03) dividend. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, October 10th. Tesco’s payout ratio is currently 0.52%.
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.
Read More: What is the Dividend Aristocrat Index?
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.