Tesco (LON:TSCO) Sets New 1-Year High - Still a Buy?

Tesco PLC (LON:TSCO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 408 ($5.57) and last traded at GBX 406 ($5.54), with a volume of 25653139 shares trading hands. The stock had previously closed at GBX 401.30 ($5.48).

Wall Street Analyst Weigh In

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

Tesco Stock Up 2.3%

The stock has a market cap of £27.03 billion, a PE ratio of 21.19, 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 126.35. The business has a 50-day moving average price of GBX 383.90 and a 200-day moving average price of GBX 367.62.

Tesco (LON:TSCO - Get Free Report) last announced its earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.38) earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. As a group, analysts forecast 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 Tesco stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of GBX 326 ($4.45) per share, with a total value of £130,400 ($178,069.10). Corporate 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.