Tesco (LON:TSCO) Reaches New 12-Month High – Should You Buy?

Shares of Tesco PLC (LON:TSCO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 480.90 and last traded at GBX 464.80, with a volume of 61562961 shares trading hands. The stock had previously closed at GBX 475.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup increased their price target on Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a research report on Friday, October 3rd. Jefferies Financial Group restated a “buy” rating and set a GBX 440 target price on shares of Tesco in a report on Tuesday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tesco in a report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 461.25.

Tesco Stock Performance

The stock has a market capitalization of £28.97 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.43 and a beta of 0.51. The stock has a 50 day simple moving average of GBX 447.12 and a two-hundred day simple moving average of GBX 417.14. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

Tesco (LON:TSCO) last announced its quarterly earnings data on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. On average, equities analysts forecast that Tesco PLC will post 27.374848 EPS for the current fiscal year.

About Tesco

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.