Tesco (LON:TSCO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Tesco PLC (LON:TSCO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 359.56 ($4.54) and traded as high as GBX 376.40 ($4.75). Tesco shares last traded at GBX 376.10 ($4.75), with a volume of 30,308,604 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of Tesco from GBX 410 ($5.17) to GBX 400 ($5.05) and set an “overweight” rating on the stock in a report on Monday, January 13th.

Tesco Stock Performance

The company’s 50-day moving average is GBX 368.75 and its two-hundred day moving average is GBX 359.56. The company has a market capitalization of £25.11 billion, a P/E ratio of 19.69, a PEG ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

Insider Transactions at Tesco

In other news, insider Gerard Murphy bought 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.68) per share, for a total transaction of £148,400 ($187,279.15). Insiders have purchased 40,073 shares of company stock valued at $14,867,657 in the last quarter. Insiders own 2.51% of the company’s stock.

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.