Tesco (LON:TSCO) Stock Passes Above 200-Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 361.60 ($4.63) and traded as high as GBX 389.13 ($4.98). Tesco shares last traded at GBX 388.70 ($4.97), with a volume of 26,632,443 shares.

Analyst Ratings Changes

A number of research firms have issued reports on TSCO. JPMorgan Chase & Co. lowered their target price on Tesco from GBX 410 ($5.24) to GBX 400 ($5.12) and set an “overweight” rating on the stock in a report on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th.

Tesco Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The stock’s 50-day moving average price is GBX 370.06 and its 200 day moving average price is GBX 361.60. The firm has a market cap of £25.69 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Activity at Tesco

In other news, insider Gerard Murphy bought 40,000 shares of Tesco stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of GBX 371 ($4.75) per share, with a total value of £148,400 ($189,842.65). Insiders have bought 40,073 shares of company stock worth $14,867,657 over the last three months. Company insiders own 2.51% of the company’s stock.

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.