Citigroup Raises Tesco (LON:TSCO) Price Target to GBX 460

Tesco (LON:TSCO) had its price objective lifted by analysts at Citigroup from GBX 395 ($5.30) to GBX 460 ($6.17) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the retailer’s stock. Citigroup’s target price indicates a potential upside of 10.52% from the stock’s current price.

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a research report on Thursday, April 10th.

Tesco Price Performance

TSCO stock opened at GBX 416.20 ($5.59) on Friday. Tesco has a twelve month low of GBX 310.30 ($4.17) and a twelve month high of GBX 417.80 ($5.61). The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The business has a 50 day simple moving average of GBX 392.48 and a 200-day simple moving average of GBX 370.77. The company has a market capitalization of £27.77 billion, a P/E ratio of 21.78, a PEG ratio of 1.43 and a beta of 0.51.

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.