Tesco (LON:TSCO) Hits New 52-Week High – What’s Next?

Tesco PLC (LON:TSCO)’s stock price reached a new 52-week high on Thursday. The stock traded as high as GBX 561 and last traded at GBX 560, with a volume of 112,374,477 shares trading hands. The stock had previously closed at GBX 553.40.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSCO. Deutsche Bank Aktiengesellschaft increased 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. JPMorgan Chase & Co. decreased their price objective on Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 480 price objective on shares of Tesco in a research report on Thursday, October 8th. Finally, Shore Capital Group reissued a “hold” rating and set a GBX 480 target price on shares of Tesco in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 500.

Tesco Stock Performance

The firm’s 50 day moving average is GBX 495.67 and its two-hundred day moving average is GBX 473.46. The stock has a market capitalization of £34.84 billion, a PE ratio of 20.64, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 127.34, a quick ratio of 0.60 and a current ratio of 0.62.

Tesco (LON:TSCO) last released its earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. As a group, research analysts predict that Tesco PLC will post 27.37 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. 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.