Tesco (LON:TSCO) Hits New 12-Month Low - Here's What Happened

Tesco PLC (LON:TSCO) reached a new 52-week low on Friday, trading at GBX 75.20 ($0.97) at its lowest point before last trading at GBX 370.90 ($4.80). The volume of shares traded during the day was 121,815,797, while the stock had previously closed at GBX 371.50 ($4.81).

Wall Street Analyst Opinions

Recent feedback from analysts on Tesco stock has been mixed. Shore Capital maintained a "buy" rating on Tesco shares in a report dated December 10th. Conversely, JPMorgan Chase & Co. lowered their price target for Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) while issuing an "overweight" rating.

Tesco Stock Performance

The current stock performance indicates a slight decline of 0.2%. The company has a fifty-day simple moving average of GBX 371.04 and a 200-day simple moving average of GBX 363.22. Tesco's market capitalization stands at £24.75 billion, with a price-to-earnings (P/E) ratio of 19.41 and a price-to-earnings-growth (PEG) ratio of 1.43. The stock has a beta of 0.51, suggesting relatively lower volatility in comparison to the broader market. Additionally, the company's quick ratio is 0.60, the current ratio is 0.81, and the debt-to-equity ratio is 126.35.

Insider Transactions

In related news, insider Gerard Murphy bought 40,000 shares of Tesco on January 29th, paying an average price of GBX 371 ($4.81) per share and resulting in a total transaction of £148,400 ($192,227.98). Over the past three months, insiders have purchased a total of 40,073 shares, equating to a value of approximately $14,867,657. Company insiders own about 2.51% of Tesco's stock.

Company Overview

Tesco has positioned itself as a champion for customers, providing affordable, healthy, and sustainable food. The company's commitment extends beyond its stores and into the communities it serves, including the UK, Republic of Ireland, Slovakia, Czech Republic, and Hungary. Tesco invests in various community initiatives, supporting schools, children's groups, food banks, and other charitable causes.

Further Insights

For those interested in investing, it's worth noting that top analysts recommend several stocks that may offer better returns compared to Tesco. Although Tesco is considered a Buy by analysts, many believe other investment options might yield superior results.

Tesco, Stocks, Investment