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

Tesco PLC (LON:TSCO)’s share price reached a new 52-week high on Friday . The company traded as high as GBX 482.10 and last traded at GBX 481.09, with a volume of 108123508 shares. The stock had previously closed at GBX 475.60.

Wall Street Analyst Weigh In

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

Tesco Price Performance

The company has a market capitalization of £30.76 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The firm’s 50-day moving average is GBX 436.99 and its 200-day moving average is GBX 438.82.

Insider Activity at Tesco

In related news, insider Imran Nawaz purchased 11,961 shares of Tesco stock in a transaction dated Friday, January 9th. The stock was purchased at an average cost of GBX 418 per share, for a total transaction of £49,996.98. Also, insider Ken Murphy bought 11,961 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were bought at an average price of GBX 418 per share, with a total value of £49,996.98. Insiders have purchased 23,954 shares of company stock valued at $10,012,964 in the last three months. 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.