Tesco PLC (LON:TSCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 323.52 ($4.22) and traded as high as GBX 361.80 ($4.72). Tesco shares last traded at GBX 361.80 ($4.72), with a volume of 9,747,564 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on TSCO shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Tesco in a research note on Friday, June 28th. Shore Capital reaffirmed a "buy" rating on shares of Tesco in a research note on Tuesday, September 3rd.
Check Out Our Latest Stock Analysis on Tesco
Tesco Price Performance
The business's 50 day moving average is GBX 355.05 and its two-hundred day moving average is GBX 323.52. The firm has a market cap of £24.64 billion, a P/E ratio of 1,340.00, a P/E/G 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 126.42.
Tesco Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be paid a dividend of GBX 4.25 ($0.06) per share. This represents a yield of 1.2%. The ex-dividend date is Thursday, October 10th. Tesco's dividend payout ratio is presently 4,814.81%.
About Tesco
(
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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.
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