Tesco (LON:TSCO) Hits New 52-Week High Following Analyst Upgrade

Tesco PLC (LON:TSCO) shares hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from GBX 395 to GBX 460. Citigroup currently has a buy rating on the stock. Tesco traded as high as GBX 421.10 ($5.68) and last traded at GBX 420.91 ($5.67), with a volume of 227799219 shares trading hands. The stock had previously closed at GBX 416.20 ($5.61).

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

Tesco Trading Up 2.0%

The stock has a market cap of £28.33 billion, a P/E ratio of 22.22, a PEG ratio of 1.43 and a beta of 0.51. The firm’s fifty day moving average price is GBX 392.48 and its two-hundred day moving average price is GBX 370.76. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

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.