Tesco (LON:TSCO) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Tesco shares rose above their 200-day moving average, reaching GBX 540.20 and last trading at GBX 538, compared with the moving average of GBX 472.56.
• Analyst sentiment is cautiously positive: Tesco has a consensus rating of “Moderate Buy”, though the average target price of GBX 500 is below the current share price. Ratings include two Buys and two Holds.
• Tesco reported quarterly earnings of GBX 17.50 per share, with a 16.45% return on equity and a 2.53% net margin; analysts expect full-year EPS of GBX 27.37.

Tesco PLC (LON:TSCO - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 472.56 and traded as high as GBX 540.20. Tesco shares last traded at GBX 538, with a volume of 13,798,502 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group reissued a "hold" rating and set a GBX 480 price objective on shares of Tesco in a report on Thursday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesco from GBX 525 to GBX 550 and gave the company a "buy" rating in a research note on Friday, October 9th. Finally, Shore Capital Group reiterated a "hold" rating and set a GBX 480 target price on shares of Tesco in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tesco currently has a consensus rating of "Moderate Buy" and an average target price of GBX 500.

Tesco Price Performance

The company has a market cap of £33.51 billion, a PE ratio of 19.85, a PEG ratio of 1.43 and a beta of 0.57. The firm's 50-day moving average is GBX 479.14 and its 200-day moving average is GBX 472.56. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 127.34.

Tesco (LON:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The retailer reported GBX 17.50 earnings per share for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. On average, equities analysts anticipate that Tesco PLC will post 27.37 EPS for the current year.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day. Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.

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