Tesco (LON:TSCO) had its target price boosted by Jefferies Financial Group from GBX 285 ($3.75) to GBX 310 ($4.08) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the retailer’s stock.

TSCO has been the topic of several other reports. Sanford C. Bernstein reissued an outperform rating on shares of Tesco in a research report on Monday, September 23rd. Goldman Sachs Group increased their price objective on shares of Tesco from GBX 276 ($3.63) to GBX 280 ($3.68) and gave the company a buy rating in a research report on Friday, November 29th. Barclays reissued an overweight rating on shares of Tesco in a research report on Tuesday, November 26th. Deutsche Bank reissued a buy rating on shares of Tesco in a research report on Monday. Finally, Shore Capital reissued a buy rating on shares of Tesco in a research report on Monday. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 287.50 ($3.78).

Shares of TSCO stock opened at GBX 240.30 ($3.16) on Monday. Tesco has a one year low of GBX 187.05 ($2.46) and a one year high of GBX 293.40 ($3.86). The company’s 50-day moving average is GBX 235.31 and its 200 day moving average is GBX 231.73. The company has a market capitalization of $23.48 billion and a price-to-earnings ratio of 17.93. The company has a debt-to-equity ratio of 123.58, a quick ratio of 0.47 and a current ratio of 0.80.

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 10th were given a dividend of GBX 2.65 ($0.03) per share. This represents a yield of 1.1%. The ex-dividend date was Thursday, October 10th. Tesco’s dividend payout ratio (DPR) is 0.52%.

In related news, insider Mikael Olsson purchased 15,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were purchased at an average price of GBX 235 ($3.09) per share, with a total value of £35,250 ($46,369.38).

About Tesco

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.

Further Reading: When can a hold rating present a buying opportunity?

Analyst Recommendations for Tesco (LON:TSCO)

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