Tesco (LON:TSCO) Sets New 1-Year High - What's Next?

Shares of Tesco PLC (LON:TSCO - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 442.73 ($6.01) and last traded at GBX 442.40 ($6.00), with a volume of 42335641 shares. The stock had previously closed at GBX 441 ($5.98).

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Tesco from GBX 400 to GBX 450 and gave the stock an "overweight" rating in a report on Monday, September 1st. Citigroup upped their price objective on shares of Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a report on Friday, July 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 455.

Tesco Trading Up 0.3%

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 firm's 50-day simple moving average is GBX 421.60 and its 200 day simple moving average is GBX 386.30. The stock has a market capitalization of £28.49 billion, a P/E ratio of 1,866.87, a PEG ratio of 1.43 and a beta of 0.51.

About Tesco

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.