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

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

Analysts Set New Price Targets

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

Tesco Trading Up 0.5 %

The stock has a market cap of £26.89 billion, a P/E ratio of 1,462.22, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The stock 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 Gerard Murphy bought 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.62) per share, for a total transaction of £148,400 ($184,714.96). Also, insider Bertrand Bodson bought 734 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of GBX 355 ($4.42) per share, with a total value of £2,605.70 ($3,243.34). In the last 90 days, insiders acquired 40,772 shares of company stock worth $15,114,402. 2.51% of the stock is currently 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.