Tesco (LON:TSCO) Hits New 12-Month High – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on Tesco from GBX 410 ($5.07) to GBX 400 ($4.94) and set an “overweight” rating for the company in a research report on Monday, January 13th.

Tesco Stock Performance

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 business has a 50-day simple moving average of GBX 369.26 and a 200 day simple moving average of GBX 356.52. The firm has a market cap of £26.77 billion, a PE ratio of 1,455.93, a PEG ratio of 1.43 and a beta of 0.51.

Insider Buying and Selling

In other Tesco news, insider Bertrand Bodson bought 734 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of GBX 355 ($4.39) per share, with a total value of £2,605.70 ($3,220.09). Also, insider Gerard Murphy bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of GBX 371 ($4.58) per share, for a total transaction of £148,400 ($183,391.00). Over the last 90 days, insiders acquired 40,772 shares of company stock worth $15,114,402. 2.51% of the stock is owned by corporate 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.