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

Tesco (LON:TSCO - Free Report) had its price target upped by Citigroup from GBX 395 ($5.30) to GBX 460 ($6.17) in a research note published on Friday, Marketbeat.com reports. They currently have a buy rating on the retailer's stock.

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

Tesco Trading Up 2.0%

LON TSCO traded up GBX 8.30 ($0.11) on Friday, reaching GBX 424.50 ($5.69). 27,985,219 shares of the company were exchanged, compared to its average volume of 20,324,227. Tesco has a fifty-two week low of GBX 310.30 ($4.16) and a fifty-two week high of GBX 425.50 ($5.71). The business's fifty day moving average price is GBX 392.48 and its 200 day moving average price is GBX 370.76. The stock has a market capitalization of £28.33 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

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.