Tesco (LON:TSCO) Sets New 52-Week High - Still a Buy?

Shares of Tesco PLC (LON:TSCO - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 376.90 ($4.68) and last traded at GBX 376.30 ($4.67), with a volume of 45332504 shares changing hands. The stock had previously closed at GBX 372.40 ($4.62).

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSCO shares. JPMorgan Chase & Co. cut their target price on Tesco from GBX 410 ($5.09) to GBX 400 ($4.96) and set an "overweight" rating for the company in a research note on Monday, January 13th. Shore Capital reiterated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Performance

The company has a market capitalization of £26.38 billion, a PE ratio of 1,434.44, a P/E/G ratio of 1.43 and a beta of 0.51. The stock's 50-day simple moving average is GBX 368.84 and its 200 day simple moving average is GBX 355.58. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81.

Insider Activity at Tesco

In other news, insider Bertrand Bodson bought 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of GBX 355 ($4.40) per share, with a total value of £2,605.70 ($3,232.48). Also, insider Gerard Murphy purchased 40,000 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.60) per share, for a total transaction of £148,400 ($184,096.27). Insiders acquired 40,772 shares of company stock valued at $15,114,402 over the last three months. 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.