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

Tesco PLC (LON:TSCO - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 75.20 ($0.98) and last traded at GBX 370.90 ($4.82), with a volume of 121815797 shares traded. The stock had previously closed at GBX 371.50 ($4.83).

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Shore Capital reissued a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on shares of Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating for the company in a report on Monday, January 13th.

Tesco Price Performance

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 stock has a market cap of £21.44 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock's fifty day moving average is GBX 368.55 and its 200-day moving average is GBX 363.06.

Insider Activity

In related news, insider Gerard Murphy purchased 40,000 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of GBX 371 ($4.82) per share, for a total transaction of £148,400 ($192,927.72). In the last 90 days, insiders have bought 40,110 shares of company stock valued at $14,881,384. 2.51% of the stock is currently owned by company insiders.

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.

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