Tesco (LON:TSCO) Sets New 52-Week High – Time to Buy?

Tesco PLC (LON:TSCO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 374.20 ($4.74) and last traded at GBX 374.10 ($4.74), with a volume of 70749984 shares traded. The stock had previously closed at GBX 371.10 ($4.70).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Tesco in a report on Tuesday, September 3rd.

Tesco Price Performance

The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The firm has a market capitalization of £25.47 billion, a PE ratio of 1,374.44, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a 50-day moving average price of GBX 355 and a 200-day moving average price of GBX 336.59.

Tesco Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were issued a GBX 4.25 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a yield of 1.2%. Tesco’s dividend payout ratio (DPR) is 4,814.81%.

Insiders Place Their Bets

In other Tesco news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction on Friday, November 22nd. The shares were bought at an average price of GBX 355 ($4.50) per share, with a total value of £2,605.70 ($3,301.70). 2.51% of the stock is owned by corporate insiders.

Tesco Company Profile

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.