Tesco PLC (OTCMKTS:TSCDY - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.84 and last traded at $16.68, with a volume of 9809 shares. The stock had previously closed at $16.68.
Analysts Set New Price Targets
Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Tesco in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Tesco has an average rating of "Buy".
View Our Latest Stock Analysis on TSCDY
Tesco Stock Down 0.3%
The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.44. The stock's fifty day moving average is $15.58 and its 200-day moving average is $14.46.
Tesco Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, July 7th. Investors of record on Monday, May 19th will be issued a $0.3636 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 3.44%. This is a positive change 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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