Tesco (LON:TSCO) Shares Cross Above 200-Day Moving Average of $281.78

Tesco PLC (LON:TSCOGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 281.78 ($3.56) and traded as high as GBX 297.40 ($3.76). Tesco shares last traded at GBX 296.80 ($3.75), with a volume of 8,518,987 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Friday, February 23rd.

View Our Latest Stock Report on TSCO

Tesco Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.60 and a debt-to-equity ratio of 129.69. The stock has a market capitalization of £20.89 billion, a price-to-earnings ratio of 1,484.00, a PEG ratio of 3.72 and a beta of 0.52. The stock has a 50-day moving average price of GBX 286.06 and a 200 day moving average price of GBX 281.78.

Insiders Place Their Bets

In related news, insider Dame Carolyn Fairbairn purchased 35,000 shares of the company’s stock in a transaction dated Monday, January 15th. The stock was acquired at an average cost of GBX 300 ($3.79) per share, for a total transaction of £105,000 ($132,693.04). In the last three months, insiders bought 35,144 shares of company stock worth $10,541,403. Corporate insiders own 2.06% of the company’s stock.

About Tesco

(Get Free Report)

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.

Featured Stories

Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.