Tesco (LON:TSCO) Sets New 1-Year High – What’s Next?

Tesco PLC (LON:TSCO) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 499.90 and last traded at GBX 496.70, with a volume of 15910101 shares changing hands. The stock had previously closed at GBX 494.50.

Wall Street Analyst Weigh In

TSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research note on Monday, January 12th. Shore Capital Group reissued a “buy” rating on shares of Tesco in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group cut their target price on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating on the stock in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tesco currently has an average rating of “Moderate Buy” and an average target price of GBX 465.

Tesco Trading Down 0.8%

The business’s 50 day moving average price is GBX 440.31 and its two-hundred day moving average price is GBX 440.74. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The company has a market capitalization of £31.15 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Activity at Tesco

In other Tesco news, insider Ken Murphy acquired 11,961 shares of Tesco stock in a transaction that occurred on Friday, January 9th. The stock was purchased at an average cost of GBX 418 per share, with a total value of £49,996.98. Also, insider Imran Nawaz bought 11,961 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were bought at an average cost of GBX 418 per share, with a total value of £49,996.98. In the last 90 days, insiders purchased 23,983 shares of company stock valued at $10,026,942. 2.04% of the stock is owned by 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. Serving our customers, communities and planet a little better every day is what we do.