Tesco (LON:TSCO) Earns Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Tesco (LON:TSCO) in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Tesco Price Performance

LON:TSCO opened at GBX 370.60 ($4.70) on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The business’s 50-day simple moving average is GBX 355.91 and its two-hundred day simple moving average is GBX 339.04. The stock has a market cap of £25.24 billion, a PE ratio of 1,372.59, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco has a 52 week low of GBX 272.30 ($3.45) and a 52 week 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 issued a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date was Thursday, October 10th. This represents a yield of 1.2%. Tesco’s dividend payout ratio is presently 4,814.81%.

Insider Buying and Selling at Tesco

In other news, insider Bertrand Bodson bought 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of GBX 355 ($4.50) per share, with a total value of £2,605.70 ($3,302.95). Insiders own 2.51% of the company’s stock.

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.