Jefferies Financial Group restated their buy rating on shares of Tesco (LON:TSCO – Free Report) in a report issued on Thursday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 350 ($4.43) price target on the retailer’s stock.
Separately, Shore Capital reissued a buy rating on shares of Tesco in a research report on Wednesday.
Get Our Latest Stock Analysis on Tesco
Tesco Price Performance
Tesco Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be issued a GBX 8.25 ($0.10) dividend. This is a positive change from Tesco’s previous dividend of $3.85. The ex-dividend date is Thursday, May 16th. This represents a yield of 2.87%. Tesco’s dividend payout ratio (DPR) is presently 5,500.00%.
Insider Activity at Tesco
In other Tesco news, insider Dame Carolyn Fairbairn purchased 35,000 shares of the business’s stock in a transaction that occurred on Monday, January 15th. The shares were purchased at an average price of GBX 300 ($3.80) per share, for a total transaction of £105,000 ($132,894.57). Over the last quarter, insiders have acquired 35,144 shares of company stock worth $10,541,403. Company insiders own 2.06% 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.
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