Tesco (LON:TSCO) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemTesco PLC (LON:TSCO – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 459.15 and traded as high as GBX 468.60. Tesco shares last traded at GBX 459.70, with a volume of 19,569,205 shares.
Analyst Ratings Changes
A number of equities analysts recently weighed in on TSCO shares. JPMorgan Chase & Co. increased their price objective on shares of Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft raised 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 Monday, April 20th. Shore Capital Group reissued a “buy” rating on shares of Tesco in a research report on Thursday, April 16th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 430 price target on shares of Tesco in a research 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. According to MarketBeat.com, Tesco currently has a consensus rating of “Moderate Buy” and an average target price of GBX 478.75.
Check Out Our Latest Research Report on Tesco
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 company has a market cap of £29.17 billion, a PE ratio of 16.96, a PEG ratio of 1.43 and a beta of 0.60. The company’s 50-day simple moving average is GBX 475.19 and its 200 day simple moving average is GBX 459.15.
Tesco (LON:TSCO – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The retailer reported GBX 29.50 EPS for the quarter. The company had revenue of GBX 7,371 million during the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. On average, sell-side analysts predict 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.