Shares of Tesco PLC (LON:TSCO – Get Free Report) reached a new 52-week high on Thursday. The company traded as high as GBX 561 and last traded at GBX 560, with a volume of 112,374,477 shares changing hands. The stock had previously closed at GBX 553.40.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Jefferies Financial Group restated a “hold” rating and set a GBX 480 target price on shares of Tesco in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesco from GBX 525 to GBX 550 and gave the company a “buy” rating in a research note on Friday, October 9th. Finally, Shore Capital Group reissued a “hold” rating and set a GBX 480 target price on shares of Tesco in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 500.
Get Our Latest Research Report on Tesco
Tesco Price Performance
The business has a 50-day simple moving average of GBX 499.66 and a 200 day simple moving average of GBX 474.80. The company has a debt-to-equity ratio of 127.34, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market cap of £34.33 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.
Tesco (LON:TSCO – Get Free Report) last issued its earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. On average, analysts anticipate that Tesco PLC will post 27.37 earnings per share 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. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.
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