Tesco PLC (LON:TSCO - Get Free Report)'s share price fell 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). 32,628,854 shares traded hands during 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
Several research firms have recently commented on TSCO. Shore Capital reiterated a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced 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.
Check Out Our Latest Analysis on Tesco
Tesco Price Performance
The company has a 50 day moving average of GBX 367.58 and a 200-day moving average of GBX 362.77. The stock has a market capitalization of £21.44 billion, a P/E ratio of 16.82, a PEG 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 126.35.
Insider Buying and Selling
In related news, insider Gerard Murphy bought 40,000 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of GBX 371 ($4.83) per share, for a total transaction of £148,400 ($193,053.21). Insiders have bought 40,110 shares of company stock worth $14,881,384 over the last ninety days. 2.51% of the stock is owned by insiders.
About Tesco
(
Get Free Report)
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.
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