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 358.61 ($4.76) and traded as high as GBX 380.10 ($5.05). Tesco shares last traded at GBX 376.80 ($5.01), with a volume of 12,903,317 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on TSCO shares. JPMorgan Chase & Co. reduced their target price on Tesco from GBX 410 ($5.45) to GBX 400 ($5.31) and set an "overweight" rating for the company in a research note on Monday, January 13th. Shore Capital restated a "buy" rating on shares of Tesco in a research note on Thursday, April 10th.
Check Out Our Latest Research Report on Tesco
Tesco Price Performance
The company has a market cap of £24.75 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The stock has a 50 day moving average of GBX 349.41 and a 200-day moving average of GBX 359.08.
Tesco (LON:TSCO - Get Free Report) last issued its earnings results on Thursday, April 10th. The retailer reported GBX 27.71 ($0.37) earnings per share (EPS) for the quarter. Tesco had a net margin of 1.92% and a return on equity of 11.33%. Equities analysts predict that Tesco PLC will post 27.374848 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Ken Murphy bought 40,000 shares of the stock in a transaction dated Friday, April 11th. The shares were purchased at an average price of GBX 326 ($4.33) per share, for a total transaction of £130,400 ($173,266.01). Insiders acquired a total of 40,072 shares of company stock valued at $13,067,552 over the last 90 days. Insiders own 2.51% of the company's stock.
Tesco Company Profile
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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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