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

Tesco logo with Consumer Defensive background

Tesco PLC (LON:TSCO - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 360.24 ($4.87) and traded as high as GBX 383.40 ($5.18). Tesco shares last traded at GBX 381.50 ($5.16), with a volume of 23,352,289 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research report on Thursday, April 10th.

Get Our Latest Stock Analysis on Tesco

Tesco Stock Down 0.1%

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 market cap of £25.79 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock has a fifty day simple moving average of GBX 353.87 and a two-hundred day simple moving average of GBX 361.04.

Tesco (LON:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.37) earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. As a group, sell-side analysts expect that Tesco PLC will post 27.374848 EPS for the current fiscal year.

Insider Buying and Selling at Tesco

In other Tesco news, insider Ken Murphy bought 40,000 shares of Tesco stock in a transaction dated Friday, April 11th. The shares were purchased at an average cost of GBX 326 ($4.41) per share, with a total value of £130,400 ($176,216.22). Corporate insiders own 2.51% of the company's stock.

Tesco Company Profile

(Get Free Report)

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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