Tesco (TSCO) Earns “Buy” Rating from Jefferies Financial Group

Share on StockTwits

Jefferies Financial Group restated their buy rating on shares of Tesco (LON:TSCO) in a report issued on Friday morning. They currently have a GBX 260 ($3.46) target price on the retailer’s stock.

TSCO has been the topic of a number of other research reports. UBS Group reiterated a buy rating on shares of Tesco in a research note on Tuesday, April 3rd. Kepler Capital Markets lifted their price target on shares of Tesco from GBX 189 ($2.52) to GBX 219 ($2.92) and gave the stock a hold rating in a research note on Thursday, April 12th. Shore Capital reiterated a buy rating on shares of Tesco in a research note on Tuesday, March 13th. Citigroup reiterated a buy rating on shares of Tesco in a research note on Wednesday, June 6th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 265 ($3.53) price target on shares of Tesco in a research note on Thursday, March 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Tesco has an average rating of Buy and an average price target of GBX 235.88 ($3.14).

TSCO opened at GBX 254.80 ($3.39) on Friday. Tesco has a fifty-two week low of GBX 165.35 ($2.20) and a fifty-two week high of GBX 217.31 ($2.89).

The firm also recently declared a dividend, which will be paid on Friday, June 22nd. Investors of record on Thursday, May 17th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.89%. This is a boost from Tesco’s previous dividend of $1.00. The ex-dividend date is Thursday, May 17th.

In other Tesco news, insider Lindsey Pownall purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was acquired at an average cost of GBX 246 ($3.28) per share, with a total value of £123,000 ($163,759.82). Also, insider Alison Platt purchased 6,317 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was acquired at an average cost of GBX 236 ($3.14) per share, with a total value of £14,908.12 ($19,848.38). Insiders purchased 56,373 shares of company stock valued at $13,804,588 over the last ninety days.

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.

Analyst Recommendations for Tesco (LON:TSCO)

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.

Leave a Reply