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 closing at GBX 371.50 ($4.81). Throughout the day, the stock experienced significant trading volume, with 121,815,797 shares changing hands.

Wall Street Analyst Perspectives

Analysts have recently provided insights on Tesco's stock performance. Shore Capital maintained a "buy" rating for Tesco on December 10th, indicating confidence in the company's future. However, JPMorgan Chase & Co. reduced their price target for Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) while still rating it as "overweight." This suggests analysts are mixed about Tesco's short-term outlook.

Current Stock Performance

The share price of Tesco has seen a slight decline of 0.2%. Key metrics for the company show a fifty-day simple moving average of GBX 371.04 and a two-hundred-day simple moving average of GBX 363.22. The company's market capitalization stands at £24.75 billion, and it has a price-to-earnings (P/E) ratio of 19.41, along with a price-to-earnings-growth (PEG) ratio of 1.43 and a beta of 0.51. Financial health indicators include a quick ratio of 0.60 and a current ratio of 0.81, with a notable debt-to-equity ratio of 126.35.

Insider Transactions

In related news, insider Gerard Murphy purchased 40,000 shares of Tesco on January 29th at an average price of GBX 371 ($4.81). This transaction totaled £148,400 ($192,227.98). Over the past three months, insiders have acquired a total of 40,073 shares valued at approximately $14.87 million. Currently, company insiders own about 2.51% of Tesco's stock.

About Tesco

Tesco's mission is to be a champion for customers, providing affordable, healthy, and sustainable food options. Their commitment extends beyond stores, actively investing in communities across the UK, Republic of Ireland, Slovakia, the Czech Republic, and Hungary. This includes support for schools, food banks, and various local organizations. Despite challenges, Tesco holds firm to its purpose of serving the community.

Additional Insights

If you're considering an investment, you might want to know that MarketBeat has identified five stocks that are currently being recommended by top analysts, which do not include Tesco. Despite Tesco holding a Buy rating, these analysts believe other options present a better investment opportunity.

Tesco, Stock, Analysts