Tesco PLC (LON:TSCO – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 382.78 ($5.17) and traded as high as GBX 424.50 ($5.73). Tesco shares last traded at GBX 423.44 ($5.72), with a volume of 11,010,359 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup upped their price objective on Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 430.
Read Our Latest Report on TSCO
Tesco Price Performance
About Tesco
Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.
In challenging times, our purpose has guided every part of the Group.
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