Tesco (LON:TSCO) Reaches New 52-Week High – Here’s What Happened

Tesco PLC (LON:TSCO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 393.20 ($4.86) and last traded at GBX 391.70 ($4.84), with a volume of 33468914 shares. The stock had previously closed at GBX 389.80 ($4.82).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSCO. JPMorgan Chase & Co. decreased their price objective on Tesco from GBX 410 ($5.07) to GBX 400 ($4.94) and set an “overweight” rating for the company in a report on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Up 0.8 %

The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a market capitalization of £26.77 billion, a PE ratio of 1,455.93, a PEG ratio of 1.43 and a beta of 0.51. The company has a 50 day moving average price of GBX 369.26 and a 200-day moving average price of GBX 356.52.

Insider Buying and Selling

In related news, insider Gerard Murphy bought 40,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of GBX 371 ($4.58) per share, with a total value of £148,400 ($183,391.00). Also, insider Bertrand Bodson bought 734 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of GBX 355 ($4.39) per share, for a total transaction of £2,605.70 ($3,220.09). Insiders have bought a total of 40,772 shares of company stock valued at $15,114,402 over the last ninety days. Company insiders own 2.51% of the company’s stock.

About Tesco

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.