Tesco (LON:TSCO) Stock Crosses Above 200 Day Moving Average - Here's What Happened

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 342.27 ($4.29) and traded as high as GBX 369.30 ($4.63). Tesco shares last traded at GBX 368.50 ($4.62), with a volume of 3,128,358 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.

Tesco Price Performance

The firm has a 50-day moving average of GBX 357.58 and a 200 day moving average of GBX 342.46. The company has a market capitalization of £25.09 billion, a PE ratio of 1,364.81, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60.

Tesco Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were paid a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a yield of 1.2%. Tesco's dividend payout ratio is presently 4,814.81%.

Insider Transactions at Tesco

In other Tesco news, insider Bertrand Bodson bought 734 shares of Tesco stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of GBX 355 ($4.45) per share, with a total value of £2,605.70 ($3,268.16). Company insiders own 2.51% of the company's stock.

About Tesco

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.