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

Shares of Tesco PLC (LON:TSCO) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 508.20 and last traded at GBX 501.20, with a volume of 15717216 shares changing hands. The stock had previously closed at GBX 499.

Analysts Set New Price Targets

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

Tesco Stock Down 0.3%

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 has a market capitalization of £31.75 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business’s 50-day moving average price is GBX 444.82 and its 200-day moving average price is GBX 443.19.

Insider Buying and Selling

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