Tesco PLC (LON:TSCO - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 330.72 ($4.26) and traded as high as GBX 342.04 ($4.40). Tesco shares last traded at GBX 341.80 ($4.40), with a volume of 15,231,183 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research note on Tuesday, September 3rd.
Check Out Our Latest Analysis on TSCO
Tesco Stock Down 0.5 %
The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The firm has a market cap of £23.16 billion, a P/E ratio of 1,257.14, a PEG ratio of 1.43 and a beta of 0.51. The firm's 50-day moving average price is GBX 358.26 and its 200 day moving average price is GBX 330.80.
Tesco Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th will be issued a GBX 4.25 ($0.05) dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 1.2%. Tesco's dividend payout ratio (DPR) is 4,814.81%.
About Tesco
(
Get Free Report)
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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