Tesco (LON:TSCO) Stock Price Down 8.7% - Should You Sell?

Tesco PLC (LON:TSCO - Get Free Report)'s stock price fell 8.7% during trading on Saturday . The company traded as low as GBX 337.87 ($4.39) and last traded at GBX 339.20 ($4.41). 32,628,854 shares changed hands 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).

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSCO. JPMorgan Chase & Co. dropped their price objective 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 reiterated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Performance

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 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 business has a 50-day moving average price of GBX 368.55 and a 200 day moving average price of GBX 363.06.

Insider Transactions at Tesco

In other Tesco news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of GBX 371 ($4.82) per share, with a total value of £148,400 ($192,927.72). Over the last three months, insiders have purchased 40,110 shares of company stock valued at $14,881,384. Insiders own 2.51% of the company's stock.

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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.