Tesco (LON:TSCO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Tesco PLC (LON:TSCO)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 363.01 ($4.71) and traded as high as GBX 375 ($4.86). Tesco shares last traded at GBX 373.95 ($4.85), with a volume of 19,293,813 shares changing hands.

Analyst Ratings Changes

TSCO has been the subject of a number of research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of Tesco from GBX 410 ($5.32) to GBX 400 ($5.19) and set an “overweight” rating for the company in a research report on Monday, January 13th.

Tesco Price Performance

The stock has a 50-day simple moving average of GBX 371.06 and a 200 day simple moving average of GBX 363.01. The stock has a market capitalization of £24.95 billion, a P/E ratio of 19.57, a price-to-earnings-growth 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.

Insider Activity

In other Tesco news, insider Gerard Murphy purchased 40,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.81) per share, for a total transaction of £148,400 ($192,452.34). Insiders have bought 40,073 shares of company stock valued at $14,867,657 over the last 90 days. 2.51% of the stock is owned by company insiders.

About Tesco

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.