Tesco (LON:TSCO) Hits New 52-Week High - Here's What Happened

Tesco PLC (LON:TSCO - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 405.30 ($5.56) and last traded at GBX 404.10 ($5.55), with a volume of 172789125 shares changing hands. The stock had previously closed at GBX 402.50 ($5.52).

Wall Street Analysts Forecast Growth

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

Tesco Price Performance

The firm's 50-day moving average is GBX 381.24 and its two-hundred day moving average is GBX 366.98. The company has a market cap of £26.75 billion, a P/E ratio of 20.98, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Tesco (LON:TSCO - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.38) earnings per share for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Analysts anticipate that Tesco PLC will post 27.374848 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ken Murphy acquired 40,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was bought at an average cost of GBX 326 ($4.47) per share, with a total value of £130,400 ($178,948.81). 2.51% of the stock is currently owned by company 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.