Tesco (LON:TSCO) Sets New 52-Week High – Still a Buy?

Tesco PLC (LON:TSCO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 374.20 ($4.77) and last traded at GBX 374.10 ($4.77), with a volume of 70749984 shares changing hands. The stock had previously closed at GBX 371.10 ($4.74).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, September 3rd.

Tesco Price Performance

The company has a market capitalization of £25.24 billion, a P/E ratio of 1,387.04, a P/E/G 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 business’s fifty day moving average price is GBX 355.35 and its 200-day moving average price is GBX 337.43.

Tesco Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th were issued a GBX 4.25 ($0.05) dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, October 10th. Tesco’s payout ratio is currently 4,814.81%.

Insider Activity at Tesco

In other Tesco news, insider Bertrand Bodson acquired 734 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of GBX 355 ($4.53) per share, with a total value of £2,605.70 ($3,324.87). 2.51% of the stock is currently owned by insiders.

About Tesco

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.