Citigroup Forecasts Strong Price Appreciation for Tesco (LON:TSCO) Stock

Tesco (LON:TSCO) had its target price lifted by analysts at Citigroup from GBX 395 ($5.30) to GBX 460 ($6.18) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the retailer’s stock. Citigroup’s price objective suggests a potential upside of 10.98% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, April 10th.

Tesco Trading Up 0.6%

LON:TSCO opened at GBX 414.50 ($5.57) on Friday. 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 business’s 50 day moving average is GBX 391.71 and its two-hundred day moving average is GBX 370.42. Tesco has a 52 week low of GBX 310.30 ($4.17) and a 52 week high of GBX 416.40 ($5.59). The company has a market cap of £27.66 billion, a PE ratio of 21.69, a P/E/G ratio of 1.43 and a beta of 0.51.

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.