Tesco (LON:TSCO) Share Price Crosses Above 200-Day Moving Average of $284.97

Tesco PLC (LON:TSCO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 284.97 ($3.52) and traded as high as GBX 292.55 ($3.61). Tesco shares last traded at GBX 291.10 ($3.60), with a volume of 11,550,792 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSCO shares. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 350 ($4.32) target price on shares of Tesco in a research note on Thursday, April 11th.

Tesco Trading Up 1.3 %

The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 129.69. The stock has a market cap of £20.77 billion, a P/E ratio of 1,455.50, a PEG ratio of 3.35 and a beta of 0.52. The business’s 50 day simple moving average is GBX 285.44 and its two-hundred day simple moving average is GBX 284.97.

Tesco Increases Dividend

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