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

Tesco PLC (LON:TSCO - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 401.55 ($5.39) and last traded at GBX 400.26 ($5.37), with a volume of 18925947 shares changing hands. The stock had previously closed at GBX 396.20 ($5.32).

Analysts Set New Price Targets

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

Tesco Stock Up 0.7%

The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The firm's 50-day moving average is GBX 372.43 and its 200 day moving average is GBX 365.39. The stock has a market cap of £26.91 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth 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 ($0.37) EPS for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Sell-side analysts anticipate that Tesco PLC will post 27.374848 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesco news, insider Ken Murphy acquired 40,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was bought at an average price of GBX 326 ($4.37) per share, with a total value of £130,400 ($174,986.58). 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.