Tesco PLC (LON:TSCO) declared a dividend on Wednesday, October 4th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 12th will be paid a dividend of GBX 1 ($0.01) per share by the retailer on Friday, November 24th. This represents a yield of 0.54%. The ex-dividend date is Thursday, October 12th. The official announcement can be viewed at this link.
Shares of Tesco PLC (LON:TSCO) traded down 0.24% during trading on Wednesday, reaching GBX 186.90. 12,061,575 shares of the company were exchanged. Tesco PLC has a 1-year low of GBX 165.35 and a 1-year high of GBX 219.40. The firm’s 50 day moving average is GBX 185.06 and its 200 day moving average is GBX 180.31. The firm’s market capitalization is GBX 15.25 billion.
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In related news, insider John Allan purchased 20,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was bought at an average cost of GBX 187 ($2.46) per share, with a total value of £37,400 ($49,171.71). Insiders acquired 20,304 shares of company stock valued at $3,795,341 over the last three months.
TSCO has been the topic of several analyst reports. Macquarie reiterated an “outperform” rating and issued a GBX 250 ($3.29) target price on shares of Tesco PLC in a research note on Thursday, July 6th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 240 ($3.16) target price on shares of Tesco PLC in a research note on Friday, July 7th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 225 ($2.96) target price on shares of Tesco PLC in a research note on Wednesday, July 19th. Shore Capital reiterated a “hold” rating on shares of Tesco PLC in a research note on Wednesday, July 12th. Finally, Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 170 ($2.24) target price on shares of Tesco PLC in a research note on Tuesday, June 20th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Tesco PLC currently has a consensus rating of “Hold” and an average target price of GBX 192.56 ($2.53).
Tesco PLC Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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