Tesco (LON:TSCO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Tesco PLC (LON:TSCOGet 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 428.32 and traded as high as GBX 446.90. Tesco shares last traded at GBX 440.80, with a volume of 10,929,618 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Shore Capital restated a “buy” rating on shares of Tesco in a report on Thursday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 target price on shares of Tesco in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their target price on Tesco from GBX 450 to GBX 500 and gave the stock an “overweight” rating in a report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 473.75.

Check Out Our Latest Analysis on Tesco

Tesco Price Performance

The firm has a market capitalization of £28.20 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.43 and a beta of 0.51. The stock’s fifty day simple moving average is GBX 451.24 and its 200 day simple moving average is GBX 428.32. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Tesco (LON:TSCOGet Free Report) last issued its quarterly earnings data on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. On average, equities research analysts predict that Tesco PLC will post 27.374848 EPS for the current year.

Tesco Company Profile

(Get Free Report)

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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