Tesco (LON:TSCO) Sets New 52-Week Low – Here’s Why

Tesco PLC (LON:TSCO) reached a new 52-week low on Friday . The stock traded as low as GBX 75.20 ($0.97) and last traded at GBX 370.90 ($4.80), with a volume of 121815797 shares trading hands. The stock had previously closed at GBX 371.50 ($4.81).

Wall Street Analyst Weigh In

Several analysts recently commented on TSCO shares. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) and set an “overweight” rating for the company in a research note on Monday, January 13th.

Tesco Stock Down 0.2 %

The company has a fifty day simple moving average of GBX 371.04 and a 200-day simple moving average of GBX 363.22. The firm has a market cap of £24.75 billion, a P/E ratio of 19.41, 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.

Insider Activity

In related news, insider Gerard Murphy purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of GBX 371 ($4.81) per share, for a total transaction of £148,400 ($192,227.98). Insiders have bought 40,073 shares of company stock worth $14,867,657 in the last three months. Company insiders own 2.51% of the company’s stock.

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.