Tesco’s (TSCO) Buy Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a report published on Tuesday, Marketbeat Ratings reports.

Tesco Trading Up 0.1 %

TSCO opened at GBX 370.60 ($4.70) on Tuesday. The business has a 50 day simple moving average of GBX 355.91 and a two-hundred day simple moving average of GBX 339.04. The firm has a market capitalization of £25.24 billion, a price-to-earnings ratio of 1,372.59, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. Tesco has a one year low of GBX 272.30 ($3.45) and a one year high of GBX 375.30 ($4.76).

Tesco Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were given a dividend of GBX 4.25 ($0.05) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Thursday, October 10th. Tesco’s payout ratio is 4,814.81%.

Insider Buying and Selling at Tesco

In other news, insider Bertrand Bodson bought 734 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average price of GBX 355 ($4.50) per share, with a total value of £2,605.70 ($3,302.95). 2.51% of the stock is currently owned by corporate insiders.

Tesco Company Profile

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.