Tesco (LON:TSCO) Shares Cross Above 200 Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 472.56 and traded as high as GBX 540.20. Tesco shares last traded at GBX 538, with a volume of 13,798,502 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Shore Capital Group reiterated a “hold” rating and set a GBX 480 target price on shares of Tesco in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Tesco from GBX 525 to GBX 550 and gave the company a “buy” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 480 price target on shares of Tesco in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 500.

Tesco Stock Down 0.4%

The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 127.34. The company’s 50 day moving average price is GBX 480.81 and its two-hundred day moving average price is GBX 472.96. The firm has a market cap of £33.78 billion, a PE ratio of 20.01, a PEG ratio of 1.43 and a beta of 0.57.

Tesco (LON:TSCO) last announced its quarterly earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a net margin of 2.53% and a return on equity of 16.45%. On average, equities research analysts expect that Tesco PLC will post 27.37 EPS for the current fiscal year.

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.