Tesco (LON:TSCO) Sets New 1-Year High - Time to Buy?

Tesco PLC (LON:TSCO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 409.80 ($5.50) and last traded at GBX 409.80 ($5.50), with a volume of 9909748 shares traded. The stock had previously closed at GBX 401.10 ($5.38).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research report on Thursday, April 10th.

Tesco Stock Up 1.1%

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company has a market capitalization of £27.50 billion, a P/E ratio of 21.57, a PEG ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average price of GBX 391.02 and a two-hundred day moving average price of GBX 370.10.

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.