Tesco (LON:TSCO) Stock Price Passes Above Two Hundred Day Moving Average of $235.89

Tesco PLC (LON:TSCO – Get Rating)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 235.89 ($2.91) and traded as high as GBX 248.70 ($3.07). Tesco shares last traded at GBX 247.60 ($3.06), with a volume of 11,255,562 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Shore Capital reissued a “hold” rating on shares of Tesco in a research note on Wednesday. Barclays dropped their target price on shares of Tesco from GBX 325 ($4.01) to GBX 310 ($3.83) and set an “overweight” rating on the stock in a report on Friday, October 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Tesco from GBX 240 ($2.96) to GBX 270 ($3.33) and gave the stock an “overweight” rating in a report on Monday, December 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tesco has an average rating of “Moderate Buy” and a consensus target price of GBX 298 ($3.68).

Tesco Stock Up 0.5 %

The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 113.89. The company has a market capitalization of £18.16 billion and a price-to-earnings ratio of 2,058.33. The stock’s fifty day moving average price is GBX 234.69 and its 200-day moving average price is GBX 235.73.

Insider Activity

In other Tesco news, insider Karen Whitworth acquired 17,150 shares of the stock in a transaction dated Tuesday, November 15th. The shares were bought at an average cost of GBX 230 ($2.84) per share, for a total transaction of £39,445 ($48,715.57). Insiders have acquired 17,266 shares of company stock worth $3,972,158 over the last ninety days.

Tesco Company Profile

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Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities.