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

Tesco PLC (LON:TSCO) recently reached a new 52-week low, hitting GBX 75.20 ($0.97) on Friday. The stock's latest trading price was GBX 370.90 ($4.80) with a considerable trading volume of 121,815,797 shares. Prior to this, the stock closed at GBX 371.50 ($4.81).

Analysts' Perspectives

Analysts have shared their insights on Tesco's stock. On December 10th, Shore Capital maintained a "buy" rating for Tesco shares. However, JPMorgan Chase & Co. adjusted their price target, lowering it from GBX 410 ($5.31) to GBX 400 ($5.18), while still keeping an "overweight" rating.

Current Stock Performance

The stock is currently down by 0.2%. Tesco's fifty-day simple moving average stands at GBX 371.04, while the 200-day simple moving average is at GBX 363.22. Tesco has a market capitalization of approximately £24.75 billion, with a P/E ratio of 19.41 and a price-to-earnings-growth ratio of 1.43. The company's beta is at 0.51, indicating lower volatility compared to the market. Additionally, it shows a quick ratio of 0.60, a current ratio of 0.81, and a notably high debt-to-equity ratio of 126.35.

Insider Transactions

In recent insider activity, Gerard Murphy, a company insider, bought 40,000 shares on January 29th at an average price of GBX 371 ($4.81). This purchase amounted to £148,400 ($192,227.98). Over the last three months, insiders have collectively purchased 40,073 shares worth around $14.87 million, which indicates significant insider confidence as they currently own 2.51% of Tesco's stock.

About Tesco

Tesco strives to be a leader in the grocery sector, focusing on providing affordable, healthy, and sustainable food options. The company is dedicated to serving its customers not just in-store but also in their communities across several countries, including the UK, Republic of Ireland, Slovakia, the Czech Republic, and Hungary. Tesco invests in local communities through initiatives that support schools, children's organizations, food banks, and various good causes, especially in challenging times.

Future Considerations

Before deciding to invest in Tesco, potential investors should consider seeking advice from market analysts who track top-performing stocks. While Tesco currently has a "buy" rating, some industry experts believe there might be better investment options available.

Tesco, Stocks, Market