Tesco (LON:TSCO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Tesco PLC (LON:TSCO - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 352.23 ($4.37) and traded as high as GBX 366.50 ($4.55). Tesco shares last traded at GBX 363.70 ($4.52), with a volume of 18,713,611 shares traded.

Analysts Set New Price Targets

TSCO has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Tesco from GBX 410 ($5.09) to GBX 400 ($4.97) and set an "overweight" rating on the stock in a research report on Monday, January 13th. Shore Capital restated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Price Performance

The firm has a market cap of £25.35 billion, a price-to-earnings ratio of 1,378.52, a PEG ratio of 1.43 and a beta of 0.51. The company's fifty day moving average is GBX 366.20 and its 200 day moving average is GBX 353.29. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42.

Insider Buying and Selling

In other Tesco news, insider Bertrand Bodson acquired 734 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 355 ($4.41) per share, with a total value of £2,605.70 ($3,236.09). Also, insider Gerard Murphy bought 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of GBX 371 ($4.61) per share, for a total transaction of £148,400 ($184,302.04). Over the last quarter, insiders have purchased 40,772 shares of company stock worth $15,114,402. Corporate insiders own 2.51% of the company's stock.

Tesco Company Profile

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.