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

Tesco PLC (LON:TSCO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 352.23 ($4.38) and traded as high as GBX 366.50 ($4.56). Tesco shares last traded at GBX 363.70 ($4.53), with a volume of 18,713,611 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSCO. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of Tesco from GBX 410 ($5.10) to GBX 400 ($4.98) and set an “overweight” rating for the company in a report on Monday, January 13th.

Tesco Price Performance

The business has a fifty day moving average of GBX 364.47 and a 200 day moving average of GBX 352.23. The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a market cap of £24.77 billion, a PE ratio of 1,347.04, a P/E/G ratio of 1.43 and a beta of 0.51.

Insider Activity

In related news, insider Bertrand Bodson purchased 734 shares of Tesco stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of GBX 355 ($4.42) per share, with a total value of £2,605.70 ($3,242.13). Company insiders own 2.51% of the company’s stock.

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.