Tesco (LON:TSCO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Tesco PLC (LON:TSCO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 463.16 and traded as high as GBX 480.30. Tesco shares last traded at GBX 480.30, with a volume of 6,846,399 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSCO shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 430 target price on shares of Tesco in a report on Thursday, April 16th. Shore Capital Group reiterated a “buy” rating and issued a GBX 525 target price on shares of Tesco in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price target on shares of Tesco from GBX 480 to GBX 500 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 495.

Tesco Price Performance

The company has a debt-to-equity ratio of 131.55, a quick ratio of 0.60 and a current ratio of 0.59. The stock has a market capitalization of £29.94 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The stock’s 50 day moving average is GBX 461 and its two-hundred day moving average is GBX 463.16.

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.