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Tesco (LON:TSCO) Sets New 1-Year High - Here's What Happened

Tesco logo with Consumer Defensive background

Key Points

  • Tesco PLC's stock price reached a new 52-week high of GBX 432.10 ($5.80) during trading, with a recent trading price of GBX 428.90 ($5.75) and a significant trading volume of over 33 million shares.
  • Citigroup raised its target price for Tesco from GBX 395 to GBX 460, maintaining a "buy" rating, while the stock currently holds a consensus "Buy" rating and average target price of GBX 430.
  • Despite hitting new highs, Tesco's stock price was down 0.9%, with current financial metrics including a market cap of £28.54 billion and a debt-to-equity ratio of 126.35.
  • Looking to export and analyze Tesco data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Tesco PLC (LON:TSCO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 432.10 ($5.80) and last traded at GBX 428.90 ($5.75), with a volume of 33101887 shares. The stock had previously closed at GBX 431.50 ($5.79).

Analysts Set New Price Targets

Separately, Citigroup lifted their target price on Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of GBX 430.

Get Our Latest Report on Tesco

Tesco Stock Down 0.9%

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 company has a market capitalization of £28.54 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.43 and a beta of 0.51. The business's 50-day moving average is GBX 411.70 and its 200-day moving average is GBX 379.69.

Tesco Company Profile

(Get Free Report)

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.

See Also

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