Tesco’s (TSCO) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Tesco (LON:TSCO) in a report issued on Friday, MarketBeat Ratings reports.

Several other research firms have also recently weighed in on TSCO. Barclays reiterated an overweight rating and set a GBX 350 ($4.44) price objective on shares of Tesco in a report on Friday, May 3rd. Jefferies Financial Group reiterated a buy rating and issued a GBX 350 ($4.44) price target on shares of Tesco in a report on Thursday, April 11th. Finally, Shore Capital restated a buy rating on shares of Tesco in a report on Wednesday, April 10th.

Tesco Stock Performance

Shares of Tesco stock opened at GBX 306 ($3.88) on Friday. Tesco has a 12 month low of GBX 244.20 ($3.10) and a 12 month high of GBX 316.10 ($4.01). The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 127.23. The company has a market capitalization of £21.30 billion, a PE ratio of 1,224.00, a PEG ratio of 0.07 and a beta of 0.52. The stock’s fifty day simple moving average is GBX 305.99 and its 200 day simple moving average is GBX 294.49.

Tesco Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 16th were given a GBX 8.25 ($0.10) dividend. The ex-dividend date was Thursday, May 16th. This represents a yield of 2.87%. This is an increase from Tesco’s previous dividend of $3.85. Tesco’s dividend payout ratio (DPR) is 4,800.00%.

About Tesco

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.