Tesco (LON:TSCO) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Tesco PLC (LON:TSCO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 428.32 and traded as high as GBX 446.90. Tesco shares last traded at GBX 440.80, with a volume of 10,929,618 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on TSCO. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised their price target on Tesco from GBX 450 to GBX 500 and gave the company an “overweight” rating in a research report on Friday, December 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price objective on shares of Tesco in a report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Tesco from GBX 470 to GBX 495 and gave the company a “buy” rating in a research report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tesco presently has a consensus rating of “Buy” and a consensus target price of GBX 473.75.

Tesco Price Performance

The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The firm has a fifty day simple moving average of GBX 451.24 and a two-hundred day simple moving average of GBX 428.32. The firm has a market cap of £28.20 billion, a PE ratio of 19.42, a PEG ratio of 1.43 and a beta of 0.51.

Tesco (LON:TSCO) last posted its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 EPS for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. Equities analysts predict that Tesco PLC will post 27.374848 EPS 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.