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

Tesco PLC (LON:TSCO) reached a new 52-week low on Friday, trading as low as GBX 75.20 ($0.97) before closing at GBX 370.90 ($4.80). A total of 121,815,797 shares were exchanged during the trading session, reflecting significant market activity.

Wall Street Analyst Weigh In

Recently, a number of analysts shared their thoughts on Tesco's stock. Shore Capital reiterated a "buy" rating for the company in a report dated December 10. Meanwhile, JPMorgan Chase & Co. adjusted their price target for Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) while maintaining an "overweight" rating on the stock as of January 13.

Tesco Stock Down 0.2 %

As of the latest data, Tesco's 50-day simple moving average stands at GBX 371.04, and the 200-day simple moving average is at GBX 363.22. The company boasts a market capitalization of £24.75 billion, with a price-to-earnings (P/E) ratio of 19.41. Additionally, Tesco has a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Important liquidity ratios for Tesco include a quick ratio of 0.60 and a current ratio of 0.81, along with a significant debt-to-equity ratio of 126.35.

Insider Activity

In related news, insider Gerard Murphy bought 40,000 shares of Tesco on January 29, acquiring them at an average price of GBX 371 ($4.81) per share. This transaction amounted to a total of £148,400 ($192,227.98). Insider trading has seen a total purchase of 40,073 shares worth approximately $14,867,657 in the past quarter, with insiders holding 2.51% of the company's stock.

About Tesco

Tesco is committed to being a champion for its customers by providing affordable, healthy, and sustainable food. This commitment extends beyond the stores into the communities it serves in the UK, Republic of Ireland, Slovakia, the Czech Republic, and Hungary. Tesco actively invests in local communities, supporting schools, children's groups, food banks, and other beneficial causes to help these areas thrive, especially in challenging times.

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This news update is generated using advanced technology and financial data for prompt and accurate reporting.

Should You Invest $1,000 in Tesco Right Now?

Before making any investment in Tesco, it is advisable to consider insights from top research analysts. MarketBeat, for instance, tracks leading analysts and their recommended stocks daily, revealing that Tesco is not among the top five stocks advised for buying at this moment. While there is a "Buy" rating for Tesco, experts believe there are better investment opportunities available right now.

MarketBeat recently released a list of 10 undervalued stocks that investors might want to look into.

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