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

Tesco PLC (LON:TSCO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 376.90 ($4.69) and last traded at GBX 376.30 ($4.68), with a volume of 45332504 shares. The stock had previously closed at GBX 372.40 ($4.63).

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Shore Capital reissued a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on Tesco from GBX 410 ($5.10) to GBX 400 ($4.98) and set an “overweight” rating on the stock in a research report on Monday, January 13th.

Tesco Stock Performance

The stock has a fifty day simple moving average of GBX 366.63 and a two-hundred day simple moving average of GBX 354.31. The stock has a market cap of £25.60 billion, a price-to-earnings ratio of 1,392.04, a P/E/G 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.

Insider Buying and Selling at Tesco

In other news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of GBX 355 ($4.42) per share, with a total value of £2,605.70 ($3,241.73). Also, insider Gerard Murphy purchased 40,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of GBX 371 ($4.62) per share, for a total transaction of £148,400 ($184,623.04). Insiders have acquired 40,772 shares of company stock valued at $15,114,402 in the last 90 days. 2.51% of the stock is currently owned by company insiders.

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.