Tesco (LON:TSCO) Hits New 1-Year High - Time to Buy?

Key Points

• Tesco shares reached a new 52-week high of GBX 523.80, trading near GBX 523.49, above its 50-day and 200-day moving averages.
• Analyst views are mixed but generally positive: Tesco has a consensus rating of “Moderate Buy” and an average price target of GBX 500, with targets ranging from GBX 480 to GBX 550.
• Tesco reported quarterly EPS of GBX 17.50, with a 16.45% return on equity and a 2.53% net margin; analysts expect full-year EPS of approximately GBX 27.37.

Tesco PLC (LON:TSCO - Get Free Report) shares hit a new 52-week high on Wednesday. The company traded as high as GBX 523.80 and last traded at GBX 523.49, with a volume of 32,230,980 shares traded. The stock had previously closed at GBX 517.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesco from GBX 525 to GBX 550 and gave the company a "buy" rating in a report on Friday, October 9th. JPMorgan Chase & Co. cut their target price on Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research report on Wednesday, September 2nd. Shore Capital Group reiterated a "hold" rating and set a GBX 480 price objective on shares of Tesco in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 480 price objective on shares of Tesco in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 500.

Tesco Stock Performance

The company has a fifty day moving average of GBX 471.45 and a 200 day moving average of GBX 469.81. The company has a debt-to-equity ratio of 127.34, a current ratio of 0.62 and a quick ratio of 0.60. The stock has a market cap of £32.63 billion, a P/E ratio of 19.33, a PEG ratio of 1.43 and a beta of 0.57.

Tesco (LON:TSCO - Get Free Report) last released its earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. On average, equities analysts predict that Tesco PLC will post 27.37 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. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day. Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.

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