Tesco (LON:TSCO) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Tesco PLC shares recently crossed above their 200-day moving average, indicating a potential bullish trend, as the stock last traded at GBX 434.80 ($5.88).
• JPMorgan and Citigroup both raised their price targets for Tesco, with JPMorgan setting it at GBX 450 and Citigroup at GBX 460, reflecting a consensus rating of "Buy" among analysts.
• Tesco has a market capitalization of £28.23 billion and financial metrics showing a high price-to-earnings ratio of 1,849.85, suggesting aggressive pricing or growth expectations.

Shares of Tesco PLC (LON:TSCO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 389.08 ($5.26) and traded as high as GBX 436.80 ($5.91). Tesco shares last traded at GBX 434.80 ($5.88), with a volume of 7,685,958 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Tesco from GBX 400 to GBX 450 and gave the company an "overweight" rating in a report on Monday, September 1st. Citigroup increased their price target on Tesco from GBX 395 to GBX 460 and gave the company a "buy" rating in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 455.

Tesco Stock Performance

The firm's 50 day moving average price is GBX 426.07 and its 200-day moving average price is GBX 389.08. The firm has a market cap of £28.23 billion, a price-to-earnings ratio of 1,849.85, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

About Tesco

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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