Tesco (LON:TSCO) Receives “Buy” Rating from Shore Capital

Tesco (LON:TSCO)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a research note issued to investors on Tuesday,London Stock Exchange reports.

Tesco Stock Performance

LON TSCO traded up GBX 3.80 ($0.05) during trading hours on Tuesday, reaching GBX 368.60 ($4.70). 25,922,572 shares of the company were exchanged, compared to its average volume of 19,990,955. Tesco has a 1 year low of GBX 272.30 ($3.47) and a 1 year high of GBX 375.30 ($4.78). The business’s 50 day simple moving average is GBX 355.49 and its 200-day simple moving average is GBX 338.42. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The stock has a market capitalization of £25.10 billion, a P/E ratio of 1,365.19, a P/E/G ratio of 1.43 and a beta of 0.51.

Insider Transactions at Tesco

In other Tesco news, insider Bertrand Bodson bought 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The stock was purchased at an average price of GBX 355 ($4.53) per share, for a total transaction of £2,605.70 ($3,321.48). Corporate insiders own 2.51% of the company’s stock.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.