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

Tesco PLC (LON:TSCO) reached a new 52-week high on Tuesday . The stock traded as high as GBX 408 ($5.57) and last traded at GBX 406 ($5.54), with a volume of 25653139 shares. The stock had previously closed at GBX 401.30 ($5.48).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, April 10th.

Tesco Stock Performance

The stock has a market cap of £26.85 billion, a price-to-earnings ratio of 21.05, a P/E/G 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. The company has a 50 day simple moving average of GBX 383.90 and a 200 day simple moving average of GBX 367.62.

Tesco (LON:TSCO) last released its quarterly earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.38) earnings per share for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. As a group, equities research analysts forecast that Tesco PLC will post 27.374848 EPS for the current year.

Insiders Place Their Bets

In other Tesco news, insider Ken Murphy purchased 40,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of GBX 326 ($4.45) per share, with a total value of £130,400 ($178,069.10). Insiders own 2.51% 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.