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 ($4.70) and traded as high as GBX 375 ($4.86). Tesco shares last traded at GBX 373.95 ($4.84), with a volume of 19,293,813 shares traded.
Analyst Upgrades and Downgrades
Several brokerages have commented on TSCO. Shore Capital reiterated a "buy" rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on shares of Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) and set an "overweight" rating for the company in a research report on Monday, January 13th.
Read Our Latest Analysis on TSCO
Tesco Stock Performance
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 stock's 50-day moving average is GBX 371.06 and its 200 day moving average is GBX 363.01. The firm has a market cap of £24.79 billion, a P/E ratio of 19.44, a PEG ratio of 1.43 and a beta of 0.51.
Insider Activity at Tesco
In related news, insider Gerard Murphy bought 40,000 shares of Tesco stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of GBX 371 ($4.81) per share, with a total value of £148,400 ($192,227.98). Insiders bought a total of 40,073 shares of company stock worth $14,867,657 in the last quarter. Corporate insiders own 2.51% of the company's stock.
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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