Tesco (LON:TSCO) Stock Crosses Above Two Hundred Day Moving Average of $292.10

Shares of Tesco PLC (LON:TSCOGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 292.10 ($3.74) and traded as high as GBX 309.92 ($3.97). Tesco shares last traded at GBX 307.60 ($3.94), with a volume of 12,569,679 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Tesco from GBX 220 ($2.82) to GBX 240 ($3.07) and gave the stock an “underweight” rating in a report on Wednesday, May 15th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Jefferies Financial Group restated a “buy” rating and set a GBX 350 ($4.48) target price on shares of Tesco in a research report on Thursday, April 11th. Finally, Barclays restated an “overweight” rating and set a GBX 350 ($4.48) target price on shares of Tesco in a research report on Friday, May 3rd.

Check Out Our Latest Analysis on TSCO

Tesco Stock Performance

The business has a 50-day moving average price of GBX 300.30 and a 200-day moving average price of GBX 292.10. The firm has a market capitalization of £21.41 billion, a price-to-earnings ratio of 1,230.40, a P/E/G ratio of 0.07 and a beta of 0.52. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 127.23.

Tesco Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a GBX 8.25 ($0.11) dividend. This represents a dividend yield of 2.87%. This is an increase from Tesco’s previous dividend of $3.85. The ex-dividend date of this dividend is Thursday, May 16th. Tesco’s dividend payout ratio is presently 4,800.00%.

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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