Tesco (LON:TSCO) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Tesco PLC (LON:TSCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 330.72 ($4.26) and traded as high as GBX 342.04 ($4.40). Tesco shares last traded at GBX 341.80 ($4.40), with a volume of 15,231,183 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, September 3rd.

Tesco Stock Up 0.0 %

The stock has a market capitalization of £23.28 billion, a price-to-earnings ratio of 1,265.93, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. 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 business’s 50-day moving average is GBX 358.47 and its two-hundred day moving average is GBX 330.72.

Tesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 4.25 ($0.05) per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 10th. Tesco’s dividend payout ratio is currently 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.