Tesco (LON:TSCO) Stock Price Down 8.7% - Time to Sell?

Tesco PLC (LON:TSCO - Get Free Report) traded down 8.7% on Saturday . The company traded as low as GBX 337.87 ($4.40) and last traded at GBX 339.20 ($4.41). 32,628,854 shares were traded during mid-day trading, an increase of 86% from the average session volume of 17,553,332 shares. The stock had previously closed at GBX 371.50 ($4.83).

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating for the company in a report on Monday, January 13th. Shore Capital reissued a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Down 1.5 %

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company has a market capitalization of £21.44 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business's 50 day simple moving average is GBX 367.58 and its 200 day simple moving average is GBX 362.77.

Insider Buying and Selling at Tesco

In other news, insider Gerard Murphy acquired 40,000 shares of Tesco stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of GBX 371 ($4.83) per share, with a total value of £148,400 ($193,053.21). Over the last ninety days, insiders bought 40,110 shares of company stock valued at $14,881,384. 2.51% of the stock is currently owned by corporate insiders.

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Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children's groups, food banks and other good causes. In challenging times, our purpose has guided every part of the Group.