Tesco (OTCMKTS:TSCDY) Shares Gap Up – Should You Buy?

Tesco PLC (OTCMKTS:TSCDYGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $18.98, but opened at $19.62. Tesco shares last traded at $19.5750, with a volume of 9,235 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSCDY. Erste Group Bank downgraded shares of Tesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesco in a report on Monday, July 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Report on TSCDY

Tesco Stock Down 0.4%

The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $19.10 and its 200-day moving average price is $18.97.

Tesco Company Profile

(Get Free Report)

Tesco plc is a multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company operates supermarkets, convenience stores and online grocery services, offering food, household products, clothing and other everyday consumer goods.

Tesco serves customers primarily in the United Kingdom and also operates retail businesses in the Republic of Ireland, the Czech Republic, Hungary and Slovakia. Through Booker, its wholesale business, the company supplies groceries and other products to independent retailers, caterers and hospitality businesses.

The company traces its origins to 1919, when Jack Cohen began selling groceries from a market stall in London.

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