Tesco (LON:TSCO) Sets New 52-Week High – Here’s What Happened

Tesco PLC (LON:TSCO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 456.60 ($6.08) and last traded at GBX 456.60 ($6.08), with a volume of 90778273 shares trading hands. The stock had previously closed at GBX 455.40 ($6.07).

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TSCO shares. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tesco in a research note on Friday, October 3rd. Finally, Citigroup increased their target price on shares of Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 468.33.

Tesco Trading Up 0.1%

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The stock’s fifty day moving average price is GBX 437.69 and its two-hundred day moving average price is GBX 406.58. The company has a market capitalization of £29.50 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Tesco (LON:TSCO) last posted its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Sell-side analysts anticipate that Tesco PLC will post 27.374848 earnings per share for the current year.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.