Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.29 and last traded at $17.28, with a volume of 2252 shares trading hands. The stock had previously closed at $16.92.
Analysts Set New Price Targets
Separately, Morgan Stanley restated an "overweight" rating on shares of Tesco in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Tesco currently has a consensus rating of "Buy".
View Our Latest Analysis on TSCDY
Tesco Stock Down 1.4%
The business has a 50 day moving average price of $16.28 and a 200-day moving average price of $14.79. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.44.
Tesco Increases Dividend
The company also recently announced a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, May 19th were given a $0.3636 dividend. This is a boost from Tesco's previous dividend of $0.17. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 3.44%.
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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