Tesco (LON:TSCO) Shares Pass Above 200 Day Moving Average - Time to Sell?

Tesco PLC (LON:TSCO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 369.58 ($4.96) and traded as high as GBX 409.80 ($5.50). Tesco shares last traded at GBX 409.80 ($5.50), with a volume of 9,909,973 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup boosted their price target on Tesco from GBX 395 ($5.30) to GBX 460 ($6.18) and gave the stock a "buy" rating in a research report on Friday. Shore Capital reissued a "buy" rating on shares of Tesco in a research report on Thursday, April 10th.

Tesco Stock Up 1.0%

The business has a 50-day simple moving average of GBX 391.71 and a two-hundred day simple moving average of GBX 370.42. The stock has a market capitalization of £27.77 billion, a P/E ratio of 21.78, a PEG ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

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.