Tesco (LON:TSCO) Reaches New 12-Month High - What's Next?

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

Analysts Set New Price Targets

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

Tesco Stock Up 2.3%

The firm has a 50 day simple moving average of GBX 384.79 and a two-hundred day simple moving average of GBX 367.88. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The stock has a market cap of £27.03 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.43 and a beta of 0.51.

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

Insider Transactions at Tesco

In related news, insider Ken Murphy bought 40,000 shares of the stock in a transaction on Friday, April 11th. The shares were purchased at an average price of GBX 326 ($4.45) per share, with a total value of £130,400 ($177,971.88). 2.51% of the stock is owned by corporate 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.