Tesco (LON:TSCO) Sets New 1-Year High – Here’s Why

Tesco PLC (LON:TSCO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 375.40 ($4.72) and last traded at GBX 374.60 ($4.71), with a volume of 63983848 shares changing hands. The stock had previously closed at GBX 373.10 ($4.69).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Price Performance

The stock has a market cap of £25.21 billion, a price-to-earnings ratio of 1,371.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The business’s fifty day simple moving average is GBX 356.86 and its 200 day simple moving average is GBX 340.69.

Tesco Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were paid a GBX 4.25 ($0.05) dividend. The ex-dividend date was Thursday, October 10th. This represents a yield of 1.2%. Tesco’s payout ratio is currently 4,814.81%.

Insider Transactions at Tesco

In other Tesco news, insider Bertrand Bodson acquired 734 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of GBX 355 ($4.46) per share, for a total transaction of £2,605.70 ($3,275.96). Insiders own 2.51% of the company’s stock.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.