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

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Shore Capital restated a “buy” rating on shares of Tesco in a report on Thursday, October 2nd. Citigroup raised their price objective on shares of Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tesco in a report on Friday, October 3rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 468.33.

Tesco Stock Up 0.1%

The company’s fifty day moving average price is GBX 437.69 and its 200-day moving average price is GBX 406.58. The stock 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. 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 released its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Analysts forecast that Tesco PLC will post 27.374848 earnings per share for the current 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.