Tesco (LON:TSCO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tesco PLC (LON:TSCO – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 459.24 and traded as high as GBX 466.40. Tesco shares last traded at GBX 461.85, with a volume of 17,550,531 shares changing hands.

Wall Street Analysts Forecast Growth

TSCO has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 525 price objective on shares of Tesco in a research report on Friday, June 12th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 430 target price on shares of Tesco in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 488.

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Tesco Stock Performance

The company has a market capitalization of £29.61 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.43 and a beta of 0.58. 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 firm has a 50-day simple moving average of GBX 460.92 and a two-hundred day simple moving average of GBX 459.54.

Tesco (LON:TSCO – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. The business had revenue of GBX 7,371 million for the quarter. On average, sell-side analysts anticipate that Tesco PLC will post 27.374848 EPS for the current fiscal year.

Tesco Company Profile

(Get Free Report)

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.

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