Tesco (LON:TSCO) Sets New 12-Month High – Here’s Why

Tesco PLC (LON:TSCO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 466 and last traded at GBX 465.40, with a volume of 40297074 shares trading hands. The stock had previously closed at GBX 460.50.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TSCO shares. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price target on shares of Tesco in a research report on Tuesday, October 28th. Citigroup increased their target price on shares of Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a report on Friday, July 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tesco in a report on Friday, October 3rd. Shore Capital reiterated a “buy” rating on shares of Tesco in a report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tesco has an average rating of “Buy” and a consensus price target of GBX 461.25.

Tesco Stock Up 1.2%

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company’s fifty day simple moving average is GBX 442.21 and its 200 day simple moving average is GBX 412.94. The firm has a market capitalization of £30.16 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Tesco (LON:TSCO) last issued its quarterly earnings data on Thursday, October 2nd. The retailer reported GBX 15.61 EPS for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Analysts anticipate that Tesco PLC will post 27.374848 earnings per share for the current fiscal year.

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.