Shares of Tesco PLC (LON:TSCO - Get Free Report) fell 8.7% during trading 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 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).
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TSCO. JPMorgan Chase & Co. reduced their target price on Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating on the stock in a report on Monday, January 13th. Shore Capital reissued a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.
Check Out Our Latest Stock Report on Tesco
Tesco Stock Performance
The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company has a 50 day simple moving average of GBX 368.55 and a 200-day simple moving average of GBX 363.06. The stock has a market capitalization of £21.44 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.
Insider Buying and Selling at Tesco
In other news, insider Gerard Murphy bought 40,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought 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 acquired 40,110 shares of company stock valued at $14,881,384. 2.51% of the stock is currently 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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