Clearly things are changing at Tesco as the resignations at Board level show. Is this trouble, or the new CEO trying to come out from ex CEO Leahy shadow as his own man. The resignation of the UK managing director shows that he and the new CEO failed to agree on direction. Time will tell and I think they will be releasing quarterly earnings April 18th. Meanwhile this is the current analysts story.
Of the 35 analysts that are monitored by Bloomberg, 12 have buy ratings, with 18 saying hold. A further five say sell. The average price target is 368.68p.
The shares are trading on a February 2012 earnings multiple of 9.4. The prospective yield is 4.7pc, rising to 4.9pc.
Of the 35 analysts that are monitored by Bloomberg, 12 have buy ratings, with 18 saying hold. A further five say sell. The average price target is 368.68p.
The shares are trading on a February 2012 earnings multiple of 9.4. The prospective yield is 4.7pc, rising to 4.9pc.
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