Tesco (LON:TSCO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Tesco PLC (LON:TSCO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 347.37 ($4.24) and traded as high as GBX 368.90 ($4.50). Tesco shares last traded at GBX 368 ($4.49), with a volume of 22,925,766 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th.

Tesco Stock Down 2.3 %

The business has a fifty day moving average of GBX 361.30 and a 200 day moving average of GBX 347.72. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. The firm has a market cap of £24.50 billion, a P/E ratio of 1,332.22, a P/E/G ratio of 1.43 and a beta of 0.51.

Insider Activity

In other Tesco news, insider Bertrand Bodson purchased 734 shares of the stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of GBX 355 ($4.33) per share, for a total transaction of £2,605.70 ($3,181.56). 2.51% of the stock is currently owned by company insiders.

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.