Tesco PLC (LON:TSCO - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 332.67 ($4.19) and traded as high as GBX 350.73 ($4.42). Tesco shares last traded at GBX 348.60 ($4.39), with a volume of 9,653,348 shares changing hands.
Wall Street Analyst Weigh In
Separately, Shore Capital reiterated a "buy" rating on shares of Tesco in a research report on Tuesday, September 3rd.
Read Our Latest Stock Analysis on Tesco
Tesco Stock Up 0.7 %
The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The company has a market capitalization of £23.90 billion, a price-to-earnings ratio of 1,292.33, a PEG ratio of 1.43 and a beta of 0.51. The business has a 50-day simple moving average of GBX 356.36 and a two-hundred day simple moving average of GBX 333.06.
Tesco Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th will be paid a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 1.2%. Tesco's dividend payout ratio (DPR) is 4,814.81%.
About Tesco
(
Get Free Report)
Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.
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