Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $17.05 and last traded at $16.74, with a volume of 70193 shares changing hands. The stock had previously closed at $16.66.
Analysts Set New Price Targets
Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Tesco presently has a consensus rating of "Buy".
Read Our Latest Analysis on TSCDY
Tesco Stock Up 1.5%
The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $15.63 and a 200-day moving average price of $14.48.
Tesco Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, May 19th will be given a dividend of $0.3636 per share. This represents a dividend yield of 3.44%. The ex-dividend date is Friday, May 16th. This is an increase from Tesco's previous dividend of $0.17.
About Tesco
(
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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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