Tesco (LON:TSCO) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Tesco PLC (LON:TSCO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 467.85 and traded as high as GBX 469.80. Tesco shares last traded at GBX 461.50, with a volume of 14,689,478 shares traded.

Analyst Ratings Changes

TSCO has been the subject of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 430 target price on shares of Tesco in a research report on Thursday, April 16th. Shore Capital Group downgraded Tesco to a “hold” rating and dropped their price objective for the company from GBX 525 to GBX 480 in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 483.75.

Tesco Stock Performance

The company has a market capitalization of £28.85 billion, a PE ratio of 16.99, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 131.55, a current ratio of 0.59 and a quick ratio of 0.60. The stock has a 50-day simple moving average of GBX 468.48 and a 200 day simple moving average of GBX 468.10.

About Tesco

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.