Tesco (LON:TSCO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Tesco PLC (LON:TSCO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 465.78 and traded as high as GBX 489.90. Tesco shares last traded at GBX 484.90, with a volume of 11,805,927 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSCO shares. JPMorgan Chase & Co. increased their target price on Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Shore Capital Group reiterated a “buy” rating and issued a GBX 525 price objective on shares of Tesco in a report on Friday, June 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 430 price objective on shares of Tesco in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 495.

Tesco Price Performance

The business’s 50 day moving average is GBX 465.40 and its two-hundred day moving average is GBX 466.57. The firm has a market cap of £30.00 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.