Tesco (LON:TSCO) Stock Price Breaks Below 200-Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 468.55 and traded as low as GBX 468.20. Tesco shares last traded at GBX 469.83, with a volume of 7,697,312 shares traded.

Analysts Set New Price Targets

TSCO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Shore Capital Group lowered shares of Tesco to a “hold” rating and cut their price objective for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 481.25.

Tesco Stock Up 1.2%

The firm has a market cap of £29.64 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55. The firm has a fifty day moving average of GBX 470.02 and a 200-day moving average of GBX 468.43.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.