Tesco (LON:TSCO) Sets New 12-Month High – Still a Buy?

Shares of Tesco PLC (LON:TSCO) 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).

Analyst Ratings Changes

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

Tesco Stock Up 0.8 %

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

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 issued a GBX 4.25 ($0.05) dividend. This represents a yield of 1.2%. The ex-dividend date was Thursday, October 10th. Tesco’s dividend payout ratio (DPR) is currently 4,814.81%.

Insider Transactions at Tesco

In related news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 355 ($4.50) per share, for a total transaction of £2,605.70 ($3,301.70). 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.