Shares of Tesco PLC (LON:TSCO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 363.01 ($4.72) and traded as high as GBX 375 ($4.88). Tesco shares last traded at GBX 373.95 ($4.86), with a volume of 19,293,813 shares trading hands.
Analysts Set New Price Targets
TSCO has been the topic of several research analyst reports. Shore Capital reiterated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating on the stock in a report on Monday, January 13th.
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Tesco Price Performance
The stock has a market capitalization of £21.77 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The company has a 50 day moving average of GBX 368.55 and a 200 day moving average of GBX 363.06.
Insider Buying and Selling
In other Tesco news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of GBX 371 ($4.82) per share, with a total value of £148,400 ($192,927.72). Insiders purchased 40,110 shares of company stock valued at $14,881,384 in the last three months. 2.51% of the stock is owned by corporate insiders.
Tesco Company Profile
(
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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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