Tesco (LON:TSCO) Stock Crosses Above Two Hundred Day Moving Average of $283.17

Tesco PLC (LON:TSCOGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 283.17 ($3.55) and traded as high as GBX 295.80 ($3.71). Tesco shares last traded at GBX 293.60 ($3.69), with a volume of 10,425,194 shares.

Analyst Ratings Changes

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

View Our Latest Stock Report on TSCO

Tesco Price Performance

The company has a 50 day moving average price of GBX 285.83 and a 200 day moving average price of GBX 283.17. The firm has a market cap of £20.67 billion, a PE ratio of 1,468.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52. The company has a current ratio of 0.74, a quick ratio of 0.60 and a debt-to-equity ratio of 129.69.

Insiders Place Their Bets

In other news, insider Dame Carolyn Fairbairn acquired 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 ($3.77) per share, for a total transaction of £105,000 ($131,810.19). Insiders have acquired a total of 35,144 shares of company stock valued at $10,541,403 in the last quarter. 2.06% of the stock is currently owned by company insiders.

Tesco Company Profile

(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.

Further Reading

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