Tesco PLC (LON:TSCO - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 375.40 ($4.77) and last traded at GBX 374.60 ($4.76), with a volume of 63983848 shares changing hands. The stock had previously closed at GBX 373.10 ($4.74).
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.
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Tesco Stock Performance
The firm has a market cap of £25.47 billion, a price-to-earnings ratio of 1,385.19, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42. The stock's 50 day moving average is GBX 356.60 and its 200 day moving average is GBX 340.47.
Tesco Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were given 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 presently 4,814.81%.
Insider Buying and Selling
In other news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of GBX 355 ($4.51) per share, for a total transaction of £2,605.70 ($3,312.61). 2.51% of the stock is currently owned by company insiders.
Tesco Company Profile
(
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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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