Tesco (LON:TSCO) Stock Price Down 8.7% - Here's Why

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

Analyst Upgrades and Downgrades

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

Tesco Trading Up 0.8 %

The company has a market capitalization of £21.62 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business has a fifty day moving average price of GBX 367.58 and a 200 day moving average price of GBX 362.77. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

Insider Activity

In other Tesco news, insider Gerard Murphy purchased 40,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.83) per share, with a total value of £148,400 ($193,053.21). Insiders have bought a total of 40,110 shares of company stock worth $14,881,384 over the last three months. Corporate insiders own 2.51% of the company's stock.

Remove Ads

About Tesco

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.