Tesco (LON:TSCO) Shares Cross Above 200 Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 344.63 ($4.31) and traded as high as GBX 369.30 ($4.62). Tesco shares last traded at GBX 368.30 ($4.61), with a volume of 4,495,767 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Performance

The stock’s 50 day moving average price is GBX 358.69 and its 200 day moving average price is GBX 344.63. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The company has a market capitalization of £25.08 billion, a P/E ratio of 1,364.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Activity

In related news, insider Bertrand Bodson bought 734 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of GBX 355 ($4.44) per share, for a total transaction of £2,605.70 ($3,260.39). Insiders own 2.51% of the company’s stock.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.