Tesco (LON:TSCO) Sets New 12-Month Low – Here’s Why

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

Analysts Set New Price Targets

TSCO has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Tesco from GBX 410 ($5.11) to GBX 400 ($4.98) and set an “overweight” rating for the company in a research report on Monday, January 13th.

Tesco Price Performance

The company has a market capitalization of £26.86 billion, a price-to-earnings ratio of 1,460.74, a PEG ratio of 1.43 and a beta of 0.51. 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 company’s 50 day simple moving average is GBX 369.73 and its 200-day simple moving average is GBX 356.97.

Insider Buying and Selling

In related news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of GBX 371 ($4.62) per share, with a total value of £148,400 ($184,783.96). Also, insider Bertrand Bodson bought 734 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 ninety days, insiders have acquired 40,772 shares of company stock worth $15,114,402. 2.51% of the stock is owned by company insiders.

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.