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

Tesco PLC (LON:TSCO) shares 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 trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on TSCO shares. JPMorgan Chase & Co. dropped 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 research report on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Price Performance

The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a market capitalization of £25.69 billion, a P/E ratio of 20.15, a PEG ratio of 1.43 and a beta of 0.51. The stock’s fifty day moving average is GBX 370.06 and its 200-day moving average is GBX 361.60.

Insiders Place Their Bets

In other news, insider Gerard Murphy purchased 40,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of GBX 371 ($4.75) per share, with a total value of £148,400 ($189,842.65). Insiders purchased 40,073 shares of company stock valued at $14,867,657 over the last quarter. Insiders own 2.51% of the company’s stock.

Tesco Company Profile

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.