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

Tesco PLC (LON:TSCO - Get Free Report) shares were down 8.7% 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).

Analyst Ratings Changes

Several equities analysts recently weighed in on TSCO shares. Shore Capital reaffirmed a "buy" rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price target on shares of Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating on the stock in a research report on Monday, January 13th.

Tesco Stock Performance

The firm's 50 day moving average price is GBX 367.58 and its 200-day moving average price is GBX 362.77. The firm has a market cap of £21.44 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60.

Insider Transactions at Tesco

In other Tesco news, insider Gerard Murphy purchased 40,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.83) per share, for a total transaction of £148,400 ($193,053.21). Over the last quarter, insiders have purchased 40,110 shares of company stock worth $14,881,384. Insiders own 2.51% of the company's stock.

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Tesco Company Profile

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.