Tesco PLC (LON:TSCO - Get Free Report)'s stock price traded down 8.7% on Saturday . The stock traded as low as GBX 337.87 ($4.39) and last traded at GBX 339.20 ($4.41). 32,628,854 shares were traded 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).
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TSCO shares. JPMorgan Chase & Co. reduced their target price on shares of 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 reiterated a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.
Get Our Latest Research Report on Tesco
Tesco Stock Down 1.5 %
The stock has a market capitalization of £21.44 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.43 and a beta of 0.51. The stock's 50-day moving average price is GBX 368.55 and its two-hundred day moving average price is GBX 363.06. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.
Insider Buying and Selling at Tesco
In related news, insider Gerard Murphy acquired 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of GBX 371 ($4.82) per share, for a total transaction of £148,400 ($192,927.72). Insiders have acquired a total of 40,110 shares of company stock valued at $14,881,384 over the last three months. 2.51% of the stock is currently owned by 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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