Tesco (LON:TSCO) Reaches New 12-Month High – What’s Next?

Tesco PLC (LON:TSCO)’s share price hit a new 52-week high during mid-day trading 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 Analysts Forecast Growth

TSCO has been the topic of several analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Tesco in a research 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 on the stock in a report on Thursday, January 8th. Jefferies Financial Group cut their target price on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on Tesco from GBX 500 to GBX 480 and set a “buy” rating on the stock in a research report on Monday, January 12th. Four 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.com, Tesco has an average rating of “Moderate Buy” and a consensus price target of GBX 465.

Tesco Stock Up 1.6%

The company has a market cap of £30.70 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The firm has a 50-day moving average price of GBX 437.59 and a 200 day moving average price of GBX 439.33.

Insiders Place Their Bets

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