Tesco (LON:TSCO) Stock Rating Reaffirmed by Shore Capital

Shore Capital reaffirmed their buy rating on shares of Tesco (LON:TSCO - Free Report) in a report released on Wednesday, Marketbeat.com reports.

Tesco Price Performance

Tesco stock traded up GBX 9.50 ($0.12) during midday trading on Wednesday, reaching GBX 297 ($3.76). The company's stock had a trading volume of 26,465,084 shares, compared to its average volume of 18,685,385. Tesco has a fifty-two week low of GBX 244.20 ($3.09) and a fifty-two week high of GBX 306.10 ($3.87). The company has a debt-to-equity ratio of 129.69, a quick ratio of 0.60 and a current ratio of 0.74. The firm has a market capitalization of £20.91 billion, a PE ratio of 1,485.00, a P/E/G ratio of 3.35 and a beta of 0.52. The stock's 50 day simple moving average is GBX 285.53 and its 200 day simple moving average is GBX 283.93.

Tesco Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be given a dividend of GBX 8.25 ($0.10) per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 2.87%. This is a boost from Tesco's previous dividend of $3.85. Tesco's payout ratio is presently 5,500.00%.

Insider Buying and Selling at Tesco

In other Tesco news, insider Dame Carolyn Fairbairn purchased 35,000 shares of the business's stock in a transaction on Monday, January 15th. The stock was bought at an average cost of GBX 300 ($3.80) per share, for a total transaction of £105,000 ($132,894.57). In the last 90 days, insiders have purchased 35,144 shares of company stock worth $10,541,403. 2.06% of the stock is owned by 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.