Tesco (LON:TSCO) Hits New 12-Month Low - Time to Sell?

Shares of Tesco PLC (LON:TSCO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 178.91 ($2.25) and last traded at GBX 178.91 ($2.25), with a volume of 20934746 shares changing hands. The stock had previously closed at GBX 389.80 ($4.91).

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Tesco from GBX 410 ($5.16) to GBX 400 ($5.03) and set an "overweight" rating for the company in a report on Monday, January 13th. Shore Capital reissued a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Performance

The firm has a market capitalization of £26.47 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average price of GBX 367.30 and a two-hundred day moving average price of GBX 357.16. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Insider Activity at Tesco

In related news, insider Bertrand Bodson bought 734 shares of the business's stock in a transaction on Friday, November 22nd. The shares were bought 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 bought 40,000 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.67) per share, for a total transaction of £148,400 ($186,784.14). Insiders bought 40,772 shares of company stock worth $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.