Tesco (LON:TSCO) Stock Price Passes Above 200 Day Moving Average of $285.55

Tesco PLC (LON:TSCO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 285.55 ($3.59) and traded as high as GBX 297.21 ($3.73). Tesco shares last traded at GBX 296.30 ($3.72), with a volume of 21,445,839 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TSCO shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 350 ($4.40) target price on shares of Tesco in a research report on Thursday, April 11th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th.

Tesco Trading Up 1.5 %

The company has a debt-to-equity ratio of 129.69, a current ratio of 0.74 and a quick ratio of 0.60. The stock has a market capitalization of £20.86 billion, a PE ratio of 1,481.50, a PEG ratio of 3.35 and a beta of 0.52. The stock’s 50 day simple moving average is GBX 287.02 and its two-hundred day simple moving average is GBX 285.55.

Tesco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be paid a dividend of GBX 8.25 ($0.10) per share. This is a boost from Tesco’s previous dividend of $3.85. This represents a dividend yield of 2.87%. The ex-dividend date is Thursday, May 16th. Tesco’s dividend payout ratio is presently 5,500.00%.

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.