Tesco (LON:TSCO) Reaches New 12-Month High – Here’s What Happened

Tesco PLC (LON:TSCO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 375.40 ($4.72) and last traded at GBX 374.60 ($4.71), with a volume of 63983848 shares. The stock had previously closed at GBX 373.10 ($4.69).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th.

Tesco Stock Down 0.7 %

The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42. The firm has a market cap of £25.21 billion, a P/E ratio of 1,371.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The firm’s 50 day moving average is GBX 356.86 and its two-hundred day moving average is GBX 340.69.

Tesco Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were paid 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 payout ratio is 4,814.81%.

Insider Activity

In related news, insider Bertrand Bodson acquired 734 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of GBX 355 ($4.46) per share, with a total value of £2,605.70 ($3,275.96). Corporate insiders own 2.51% of the company’s stock.

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.