Tesco (LON:TSCO) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Tesco's shares have recently crossed above their two hundred day moving average, indicating strong upward momentum, with the stock trading at GBX 414.60 ($5.63).
• Citigroup has raised their price target on Tesco from GBX 395 ($5.36) to GBX 460 ($6.25) and assigned a "buy" rating, suggesting positive market sentiment.
• Tesco's financial metrics include a debt-to-equity ratio of 126.35 and a market capitalization of £27.58 billion, demonstrating significant leverage in its capital structure.

Shares of Tesco PLC (LON:TSCO - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 377.61 ($5.13) and traded as high as GBX 417 ($5.66). Tesco shares last traded at GBX 414.60 ($5.63), with a volume of 18,461,945 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price objective on Tesco from GBX 395 ($5.36) to GBX 460 ($6.25) and gave the stock a "buy" rating in a report on Friday, July 18th.

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 company has a 50-day moving average price of GBX 407.77 and a 200-day moving average price of GBX 377.61. The firm has a market capitalization of £27.58 billion, a PE ratio of 21.63, a P/E/G ratio of 1.43 and a beta of 0.51.

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.

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