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 were traded during 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).
Wall Street Analysts Forecast Growth
TSCO has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective 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 reaffirmed a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.
Read Our Latest Stock Analysis on TSCO
Tesco Price Performance
The stock has a 50-day simple moving average of GBX 367.58 and a 200 day simple moving average of GBX 362.77. The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The company has a market cap of £21.62 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.43 and a beta of 0.51.
Insider Buying and Selling
In related news, insider Gerard Murphy bought 40,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of GBX 371 ($4.83) per share, for a total transaction of £148,400 ($193,053.21). Insiders purchased 40,110 shares of company stock worth $14,881,384 in the last 90 days. 2.51% of the stock is owned by company insiders.
About Tesco
(
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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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