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

Tesco PLC (LON:TSCO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 405.30 ($5.56) and last traded at GBX 404.10 ($5.55), with a volume of 172789125 shares changing hands. The stock had previously closed at GBX 402.50 ($5.52).

Analysts Set New Price Targets

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

Tesco Stock Up 0.7%

The firm has a market cap of £27.07 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.43 and a beta of 0.51. The firm’s fifty day moving average is GBX 380.31 and its 200 day moving average is GBX 366.75. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81.

Tesco (LON:TSCO) last issued its quarterly earnings data on Thursday, April 10th. The retailer reported GBX 27.71 ($0.38) earnings per share (EPS) 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 anticipate that Tesco PLC will post 27.374848 earnings per share for the current fiscal year.

Insider Transactions at Tesco

In other Tesco news, insider Ken Murphy purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average cost of GBX 326 ($4.47) per share, for a total transaction of £130,400 ($178,948.81). 2.51% of the stock is owned by corporate 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.