Tesco (LON:TSCO) Hits New 1-Year High – Time to Buy?

Shares of Tesco PLC (LON:TSCO) hit a new 52-week high on Tuesday . The stock traded as high as GBX 393.20 ($4.89) and last traded at GBX 391.70 ($4.88), with a volume of 33468914 shares trading hands. The stock had previously closed at GBX 389.80 ($4.85).

Wall Street Analyst Weigh In

Several analysts have weighed in on TSCO shares. Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on Tesco from GBX 410 ($5.10) to GBX 400 ($4.98) and set an “overweight” rating for the company in a research report on Monday, January 13th.

Tesco Stock Up 0.5 %

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 £26.89 billion, a PE ratio of 1,462.22, a PEG ratio of 1.43 and a beta of 0.51. The company has a 50 day moving average price of GBX 365.97 and a 200-day moving average price of GBX 355.72.

Insider Activity

In other news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of GBX 355 ($4.42) per share, with a total value of £2,605.70 ($3,243.34). Also, insider Gerard Murphy purchased 40,000 shares of Tesco stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of GBX 371 ($4.62) per share, for a total transaction of £148,400 ($184,714.96). Over the last three months, insiders have acquired 40,772 shares of company stock valued at $15,114,402. Company insiders own 2.51% of the company’s stock.

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.