Tesco (LON:TSCO) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Tesco PLC shares have recently surpassed their 200-day moving average, trading at GBX 431.50 ($5.79) with a volume of over 8.5 million shares.
• Citigroup has raised its target price for Tesco from GBX 395 to GBX 460 and issued a "buy" rating, contributing to an overall consensus rating of "Buy" among analysts.
• The company has a market capitalization of £28.79 billion and various financial ratios indicating stability, including a P/E ratio of 22.58 and a debt-to-equity ratio of 126.35.

Tesco PLC (LON:TSCO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 379.69 ($5.13) and traded as high as GBX 431.50 ($5.82). Tesco shares last traded at GBX 431.50 ($5.82), with a volume of 8,565,111 shares.

Analysts Set New Price Targets

Separately, Citigroup increased their price target on shares of Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 430.

Tesco Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The stock has a market cap of £28.50 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company's 50-day moving average is GBX 414.14 and its 200-day moving average is GBX 380.88.

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.