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

Tesco PLC (LON:TSCO)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 178.91 ($2.23) and last traded at GBX 178.91 ($2.23), with a volume of 20934746 shares changing hands. The stock had previously closed at GBX 389.80 ($4.85).

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price target on shares of Tesco from GBX 410 ($5.11) to GBX 400 ($4.98) and set an “overweight” rating on the stock in a research note on Monday, January 13th.

Tesco Trading Down 0.0 %

The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42. The business has a 50 day simple moving average of GBX 369.73 and a two-hundred day simple moving average of GBX 356.97. The stock has a market cap of £26.86 billion, a price-to-earnings ratio of 1,460.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Transactions at Tesco

In other news, insider Gerard Murphy acquired 40,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.62) per share, for a total transaction of £148,400 ($184,783.96). Also, insider Bertrand Bodson bought 734 shares of Tesco stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 355 ($4.42) per share, for a total transaction of £2,605.70 ($3,244.55). Over the last quarter, insiders purchased 40,772 shares of company stock valued at $15,114,402. 2.51% of the stock is currently owned by corporate insiders.

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.