Shares of Tesco PLC (OTCMKTS:TSCDY – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as $7.53 and last traded at $7.54, with a volume of 295643 shares. The stock had previously closed at $7.61.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSCDY. JPMorgan Chase & Co. dropped their target price on Tesco from GBX 330 ($3.99) to GBX 320 ($3.87) in a research report on Tuesday, August 30th. Jefferies Financial Group cut Tesco from a "buy" rating to a "hold" rating in a research note on Tuesday, September 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $320.00.

Tesco Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.76. The business has a 50 day moving average of $9.01 and a 200 day moving average of $9.68.

About Tesco

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.

Further Reading

• Get a free copy of the StockNews.com research report on Tesco (TSCDY)
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