Tesco (LON:TSCO) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Tesco shares moved above their 200-day moving average (200‑day MA GBX 458.29), trading as high as GBX 483.85 and last at GBX 475.45 on volume of 47,074,145 shares.
• Analysts have raised price targets — notably JPMorgan to GBX 500 (overweight) and Deutsche Bank to GBX 525 (buy) — leaving a consensus Moderate Buy rating with a target of GBX 478.75.
• The company has a market cap of £29.99 billion, a P/E of 17.41, reported quarterly EPS of GBX 29.50 and a return on equity of 16.05%.

Tesco PLC (LON:TSCO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 458.29 and traded as high as GBX 483.85. Tesco shares last traded at GBX 475.45, with a volume of 47,074,145 shares changing hands.

Analysts Set New Price Targets

TSCO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Tesco from GBX 480 to GBX 500 and gave the stock an "overweight" rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Tesco from GBX 500 to GBX 525 and gave the stock a "buy" rating in a report on Monday, April 20th. Shore Capital Group reiterated a "buy" rating on shares of Tesco in a report on Thursday, April 16th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 430 price target on shares of Tesco in a report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 478.75.

Tesco Trading Up 0.7%

The company has a market cap of £29.99 billion, a P/E ratio of 17.41, a PEG ratio of 1.43 and a beta of 0.61. The business has a fifty day moving average price of GBX 479.43 and a 200-day moving average price of GBX 458.29. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

Tesco (LON:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%.The company had revenue of GBX 7,371 million during the quarter. On average, analysts forecast that Tesco PLC will post 27.374848 earnings per share for the current year.

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. Serving our customers, communities and planet a little better every day is what we do.

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