|Bid||169.30 x 0|
|Ask||169.40 x 0|
|Day's range||168.70 - 172.35|
|52-week range||168.70 - 307.80|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||5.87|
|Earnings date||03 Nov 2022|
|Forward dividend & yield||0.13 (7.71%)|
|Ex-dividend date||09 Jun 2022|
|1y target est||222.50|
Tesco said people are 'watching every penny' as they try to make ends meet.
LXi had last Wednesday said it was in talks with the grocer to buy 18 supermarkets for 500 million pounds ($531.50 million) in a sale and leaseback deal, but the purchase was conditional on the investor raising the necessary equity funding. Since then UK stocks have been gyrating on fears of an impending recession and concerns over a huge increase in borrowing due to Britain's new tax cuts and spending plans.
The deal will see Sainsbury’s sell the stores located across the south of England to real estate investment trust LXi REIT and then rent them back.