Tesco (LON:TSCO) Reaches New 12-Month High Following Analyst Upgrade

Shares of Tesco PLC (LON:TSCO - Get Free Report) reached a new 52-week high during mid-day trading on Monday after Citigroup raised their price target on the stock from GBX 395 to GBX 460. Citigroup currently has a buy rating on the stock. Tesco traded as high as GBX 421.10 ($5.72) and last traded at GBX 420.91 ($5.72), with a volume of 227799219 shares trading hands. The stock had previously closed at GBX 416.20 ($5.65).

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

Tesco Trading Up 0.1%

The company has a market capitalization of £28.59 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The business's 50-day moving average price is GBX 395.98 and its two-hundred day moving average price is GBX 371.89.

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.