Tesco (LON:TSCO) Sets New 12-Month Low - Here's Why

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

Analyst Ratings Changes

A number of research firms have recently commented on TSCO. Shore Capital reiterated a "buy" rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating on the stock in a report on Monday, January 13th.

Tesco Stock Up 0.6 %

The company has a fifty day moving average of GBX 369.44 and a two-hundred day moving average of GBX 363.32. The company has a market cap of £21.77 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81.

Insiders Place Their Bets

In other Tesco news, insider Gerard Murphy bought 40,000 shares of Tesco stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of GBX 371 ($4.82) per share, for a total transaction of £148,400 ($192,927.72). Insiders have acquired a total of 40,110 shares of company stock worth $14,881,384 over the last quarter. Company insiders own 2.51% of the company's stock.

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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