It's looking like this Tuesday will be another drab day for the S&P/ASX 200 Index (ASX: XJO) and ASX 200 stocks. At present, the ASX 200 has shed another 0.38% of its value and is back to around 7,270 points.
So it might come as something of a surprise to see that three ASX 200 stocks have just hit new 52-week highs today. Let's check them out.
3 ASX 200 stocks hitting new 52-week highs today
Boral Limited (ASX: BLD)
Boral shares are first up. This ASX 200 building and construction materials company has had an interesting session thus far. Boral shares are currently down by 0.11% at $4.38 each. However, earlier this morning saw the company bounce up to record a new 52-week high of $4.41.
There's been no news out of Boral today that might explain why this occurred. However, Boral shares have been on a bit of a tear over the past month, having risen by a healthy 6.2%. That leaves the Boral share price up a ripe 52% in 2023 thus far:
AGL Energy Limited (ASX: AGL)
ASX 200 energy generation and retail stock AGL is next up. AGL shares have not been a happy camper in recent years, falling from almost $30 each in 2017 to the 52-week low of $6.32 that we saw in September last year.
However, some of that pain has abated over the past few months as AGL regained investor confidence. Right now, shareholders are enjoying a 2.66% bump, putting AGL shares at $11.79 each.
The company hit a new 52-week high of $11.82 this morning as well. There hasn't been much news out of this company either. But saying that, AGL was just selected for a rating upgrade by ASX broker JP Morgan.
As we covered this morning, JP Morgan has upped its rating on AGL shares to overweight and now gives this ASX 200 stock a share price target of $14.30. This could be why AGL has just clocked a new 52-week high, which leaves AGL up just over 46.5% in 2023 to date:
Xero Limited (ASX: XRO)
Finally today, let's check out ASX 200 tech stock Xero. This online accounting software provider is another share that has had a bumpy rise today. At present, the Xero share price has retreated 0.2% down to $124.16 a share. But earlier this morning, we saw Xero clock a new 52-week high of $125.48 a share.
Again, we don't have any news out of Xero that might explain this new 52-week high. However, the Xero share price has been on an epic run in 2023 so far, now a good 77% above where it was at the start of the year:
