Shares of Tesco PLC (LON:TSCO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 347.37 ($4.24) and traded as high as GBX 368.90 ($4.50). Tesco shares last traded at GBX 368 ($4.49), with a volume of 22,925,766 shares trading hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.
Check Out Our Latest Analysis on Tesco
Tesco Stock Down 2.3 %
The business's 50 day moving average is GBX 361.30 and its 200 day moving average is GBX 347.72. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The company has a market cap of £24.50 billion, a P/E ratio of 1,332.22, a P/E/G ratio of 1.43 and a beta of 0.51.
Insiders Place Their Bets
In other news, insider Bertrand Bodson bought 734 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of GBX 355 ($4.33) per share, for a total transaction of £2,605.70 ($3,181.56). 2.51% of the stock is currently owned by insiders.
About Tesco
(
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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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