Tesco (LON:TSCO) Stock Price Passes 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 Tuesday . The stock has a 200-day moving average of GBX 459.03 and traded as high as GBX 466.60. Tesco shares last traded at GBX 462.40, with a volume of 17,895,320 shares changing hands.

Analyst Upgrades and Downgrades

TSCO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 525 price target on shares of Tesco in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price target on Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a report on Friday, April 17th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 525 price target on shares of Tesco in a report on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 430 price target on shares of Tesco in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 488.

Tesco Trading Down 0.2%

The firm has a fifty day simple moving average of GBX 467.68 and a two-hundred day simple moving average of GBX 459.03. The stock has a market cap of £29.16 billion, a PE ratio of 17.06, a PEG ratio of 1.43 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55.

Tesco (LON:TSCO) last released its quarterly earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share for the quarter. The firm had revenue of GBX 7,371 million for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. As a group, equities analysts expect that Tesco PLC will post 27.374848 earnings per share for the current fiscal year.

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. Serving our customers, communities and planet a little better every day is what we do.