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

Tesco PLC (LON:TSCO) has reached a new low point for the year, recording a price drop to GBX 75.20 ($0.97) last Friday. The stock then closed at GBX 371.50 ($4.81) after trading at a low of GBX 370.90 ($4.80) with a considerable trading volume of 121,815,797 shares.

Wall Street Analysts Share Their Thoughts

• Investing tips for top grocery stocks

Recent commentary from analysts about Tesco's shares has been noteworthy. Shore Capital expressed confidence in the company, maintaining a "buy" rating in a report dated December 10th. Meanwhile, JPMorgan Chase & Co. revised its price target downward from GBX 410 ($5.31) to GBX 400 ($5.18) while keeping an "overweight" rating on the stock as of January 13th.

In-Depth Stock Analysis on Tesco

Tesco's Stock Decline

Currently, Tesco's stock has experienced a slight decline of 0.2%. The company’s financial indicators reveal a fifty-day simple moving average of GBX 371.04, and a 200-day simple moving average of GBX 363.22. Tesco boasts a market capitalization of £24.75 billion, a P/E ratio of 19.41, and a price-to-earnings-growth (PEG) ratio of 1.43. Its beta stands at 0.51, indicating lower volatility compared to the market. Key financial ratios include a quick ratio of 0.60, current ratio of 0.81, and a debt-to-equity ratio of 126.35.

Insider Trading Activity

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 purchase amounted to a total investment of £148,400 ($192,228). In the past three months, insiders have bought a total of 40,073 shares worth approximately $14.87 million, which indicates confidence from the company’s management. Currently, company insiders control 2.51% of Tesco's stock.

About Tesco

Founded as a champion for its customers, Tesco aims to provide affordable, healthy, and sustainable food. Beyond selling groceries, Tesco invests significantly in community initiatives throughout the UK, Republic of Ireland, Slovakia, Czech Republic, and Hungary. This includes supporting schools, children's groups, food banks, and various charitable endeavors, reaffirming its commitment to community well-being.

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This news has been compiled by narrative science technology utilizing MarketBeat's financial data to provide quick and accurate updates. The article was reviewed by a financial editorial team before publication. For inquiries or comments, please contact us.

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Tesco, Stocks, Investing