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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the grant of awards under its Long-Term Incentive Plan 2021 to its Executive Directors and Executive Committee members, with shares set to vest in 2028 based on performance targets. Additionally, shares from previous awards were released, with some executives selling portions of their shares, reflecting strategic financial planning and potential impacts on shareholder value.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £3.75 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.
Spark’s Take on GB:TSCO Stock
According to Spark, TipRanks’ AI Analyst, GB:TSCO is a Outperform.
Tesco’s overall stock score is driven by its strong financial performance and strategic share buyback program, which reflect a robust financial position and shareholder value enhancement. The technical indicators also show a positive trend, though caution is advised due to the RSI nearing overbought levels. The valuation metrics are solid, offering a reasonable P/E ratio and an attractive dividend yield.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer, primarily operating in the UK and other parts of Europe. The company focuses on providing a wide range of products, including food, clothing, and household goods, and is known for its extensive network of stores and online shopping services.
Average Trading Volume: 23,103,994
Technical Sentiment Signal: Buy
Current Market Cap: £26.3B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.