Tesco PLC (LON:TSCO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 332.67 ($4.21) and traded as high as GBX 350.73 ($4.44). Tesco shares last traded at GBX 348.60 ($4.41), with a volume of 9,653,348 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a "buy" rating on shares of Tesco in a research report on Tuesday, September 3rd.
View Our Latest Stock Analysis on Tesco
Tesco Stock Down 0.0 %
The business has a 50-day simple moving average of GBX 356.72 and a 200-day simple moving average of GBX 332.67. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The company has a market cap of £23.73 billion, a price-to-earnings ratio of 1,291.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.
Tesco Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be paid a GBX 4.25 ($0.05) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.2%. Tesco's dividend payout ratio is currently 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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