Tesco (LON:TSCO) Hits New 12-Month High - Time to Buy?

Tesco PLC (LON:TSCO - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 393.20 ($4.95) and last traded at GBX 391.70 ($4.93), with a volume of 33468914 shares changing hands. The stock had previously closed at GBX 389.80 ($4.91).

Analyst Ratings Changes

TSCO has been the subject of a number of recent research reports. Shore Capital reissued a "buy" rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 410 ($5.16) to GBX 400 ($5.03) and set an "overweight" rating for the company in a research report on Monday, January 13th.

Tesco Stock Performance

The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The firm's 50 day simple moving average is GBX 366.86 and its 200-day simple moving average is GBX 356.46. The company has a market cap of £26.47 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.43 and a beta of 0.51.

Insiders Place Their Bets

In related news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of GBX 355 ($4.47) per share, for a total transaction of £2,605.70 ($3,279.67). Also, insider Gerard Murphy purchased 40,000 shares of Tesco stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of GBX 371 ($4.67) per share, for a total transaction of £148,400 ($186,784.14). Insiders have acquired a total of 40,772 shares of company stock valued at $15,114,402 in the last 90 days. 2.51% of the stock is owned by 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.