Tesco PLC (OTCMKTS:TSCDY) Receives Consensus Rating of “Buy” from Brokerages

Tesco PLC (OTCMKTS:TSCDYGet Rating) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $320.00.

TSCDY has been the subject of several recent analyst reports. Zacks Investment Research downgraded Tesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Berenberg Bank reduced their price target on shares of Tesco from GBX 327 ($4.03) to GBX 320 ($3.94) in a research report on Tuesday, April 19th. Finally, Kepler Capital Markets upgraded Tesco from a “hold” rating to a “buy” rating in a research note on Wednesday, February 2nd.

Shares of TSCDY stock opened at $9.77 on Thursday. Tesco has a twelve month low of $9.16 and a twelve month high of $12.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.76. The firm has a fifty day simple moving average of $10.53 and a 200-day simple moving average of $11.28.

The company also recently announced a dividend, which will be paid on Friday, July 1st. Investors of record on Friday, May 20th will be paid a dividend of $0.2964 per share. The ex-dividend date is Thursday, May 19th. This represents a yield of 4.13%.

Tesco Company Profile (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through operating stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food wholesaling activities.

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Analyst Recommendations for Tesco (OTCMKTS:TSCDY)

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