Tesco (LON:TSCO) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Tesco's stock price surpassed its 200-day moving average during trading, last seen at GBX 423.44 ($5.72).
• Citigroup has raised its price target for Tesco shares from GBX 395 to GBX 460, maintaining a "buy" rating.
• The company currently holds a market capitalization of £27.58 billion and has an average rating of "Buy" from analysts.

Tesco PLC (LON:TSCO - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 382.78 ($5.14) and traded as high as GBX 424.50 ($5.70). Tesco shares last traded at GBX 423.44 ($5.69), with a volume of 11,010,359 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSCO. JPMorgan Chase & Co. lifted their price target on shares of Tesco from GBX 400 to GBX 450 and gave the company an "overweight" rating in a research note on Monday. Citigroup lifted their target price on shares of Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 455.

Tesco Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The firm has a fifty day moving average price of GBX 417.27 and a 200 day moving average price of GBX 383.77. The firm has a market cap of £28.58 billion, a PE ratio of 1,866.44, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.