Tesco (TSCO) Given Buy Rating at UBS Group

UBS Group restated their buy rating on shares of Tesco (LON:TSCO) in a research report sent to investors on Tuesday, investing.thisismoney.co.uk reports.

A number of other equities research analysts have also issued reports on the stock. HSBC reaffirmed a buy rating on shares of Tesco in a report on Monday, August 13th. Shore Capital reaffirmed a buy rating on shares of Tesco in a report on Monday, August 6th. Barclays reaffirmed an overweight rating and set a GBX 280 ($3.66) price objective on shares of Tesco in a report on Wednesday, August 29th. Jefferies Financial Group increased their price objective on shares of Tesco from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the company a buy rating in a report on Tuesday, September 18th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 295 ($3.85) price objective on shares of Tesco in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 268 ($3.50).

Tesco stock opened at GBX 203.14 ($2.65) on Tuesday. Tesco has a 12-month low of GBX 165.35 ($2.16) and a 12-month high of GBX 217.31 ($2.84).

The firm also recently announced a dividend, which was paid on Friday, November 23rd. Investors of record on Thursday, October 11th were issued a GBX 1.67 ($0.02) dividend. This represents a dividend yield of 0.78%. The ex-dividend date was Thursday, October 11th.

In other Tesco news, insider Alan Stewart bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was purchased at an average cost of GBX 214 ($2.80) per share, with a total value of £107,000 ($139,814.45).

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.

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Analyst Recommendations for Tesco (LON:TSCO)

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