Tesco (LON:TSCO) Stock Price Expected to Rise, Citigroup Analyst Says

Tesco (LON:TSCO - Free Report) had its price objective boosted by Citigroup from GBX 395 ($5.30) to GBX 460 ($6.17) in a report published on Friday, Marketbeat.com reports. The firm currently has a buy rating on the retailer's stock.

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

Tesco Price Performance

Shares of LON:TSCO traded up GBX 4.10 ($0.06) during midday trading on Friday, reaching GBX 416.20 ($5.59). The company's stock had a trading volume of 9,145,846 shares, compared to its average volume of 20,268,713. The business's fifty day simple moving average is GBX 391.71 and its 200-day simple moving average is GBX 370.42. 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 has a fifty-two week low of GBX 310.30 ($4.17) and a fifty-two week high of GBX 417.80 ($5.61). The company has a market capitalization of £27.77 billion, a P/E ratio of 21.78, a P/E/G 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.