Tesco (LON:TSCO) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Tesco shares crossed above their 200‑day moving average (200‑day MA GBX 457.32), trading as high as GBX 489 on Monday with about 16.65 million shares changing hands.
• Analyst sentiment has firmed—Deutsche Bank lifted its target to GBX 525 (buy) and JPMorgan to GBX 500 (overweight), leaving the stock with an average target of GBX 478.75 and a consensus rating of "Moderate Buy."
• Key fundamentals: market capitalization £31.08 billion, P/E 21.54, debt‑to‑equity 131.55, and last quarter EPS of GBX 29.50.

Tesco PLC (LON:TSCO - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 457.32 and traded as high as GBX 489. Tesco shares last traded at GBX 489, with a volume of 16,654,250 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TSCO shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesco from GBX 500 to GBX 525 and gave the company a "buy" rating in a report on Monday, April 20th. JPMorgan Chase & Co. raised their price target on shares of Tesco from GBX 480 to GBX 500 and gave the company an "overweight" rating in a report on Friday, April 17th. Shore Capital Group reiterated a "buy" rating on shares of Tesco in a research note on Thursday, April 16th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 430 price objective on shares of Tesco in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 478.75.

Tesco Stock Down 0.3%

The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The stock has a market capitalization of £31.08 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.43 and a beta of 0.61. The stock's 50 day simple moving average is GBX 480.52 and its 200 day simple moving average is GBX 457.32.

Tesco (LON:TSCO - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 EPS for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. The firm had revenue of GBX 7,371 million for the quarter. As a group, research analysts predict that Tesco PLC will post 27.374848 EPS for the current fiscal year.

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. Serving our customers, communities and planet a little better every day is what we do.

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