Tesco (LON:TSCO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Tesco PLC (LON:TSCO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 323.52 ($4.22) and traded as high as GBX 361.80 ($4.72). Tesco shares last traded at GBX 361.80 ($4.72), with a volume of 9,747,564 shares traded.

Analyst Upgrades and Downgrades

TSCO has been the subject of several analyst reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Tesco in a research note on Friday, June 28th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, September 3rd.

Tesco Trading Down 0.1 %

The firm has a market cap of £24.64 billion, a P/E ratio of 1,340.00, a P/E/G ratio of 1.43 and a beta of 0.51. The stock has a 50 day simple moving average of GBX 355.05 and a 200-day simple moving average of GBX 323.52. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42.

Tesco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 10th will be given a GBX 4.25 ($0.06) dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 10th. Tesco’s dividend payout ratio is presently 4,814.81%.

About Tesco

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.