Shares of Tesco PLC (LON:TSCO - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 374.20 ($4.75) and last traded at GBX 374.10 ($4.75), with a volume of 70749984 shares traded. The stock had previously closed at GBX 371.10 ($4.72).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "buy" rating on shares of Tesco in a research report on Tuesday, September 3rd.
Read Our Latest Stock Analysis on Tesco
Tesco Stock Up 0.5 %
The stock has a fifty day moving average of GBX 355.14 and a 200 day moving average of GBX 337.01. The firm has a market capitalization of £25.40 billion, a P/E ratio of 1,381.48, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60.
Tesco Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 10th were paid a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.2%. Tesco's payout ratio is 4,814.81%.
Insiders Place Their Bets
In related news, insider Bertrand Bodson bought 734 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of GBX 355 ($4.51) per share, for a total transaction of £2,605.70 ($3,310.93). Corporate insiders own 2.51% of the company's stock.
Tesco Company Profile
(
Get Free Report)
Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.
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