Tesco PLC (LON:TSCO - Get Free Report)'s share price was down 8.7% during mid-day trading on Saturday . The company traded as low as GBX 337.87 ($4.40) and last traded at GBX 339.20 ($4.41). 32,628,854 shares changed hands 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 Analysts Forecast Growth
A number of equities analysts recently weighed in on TSCO shares. Shore Capital reiterated a "buy" rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased 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 report on Monday, January 13th.
Read Our Latest Stock Analysis on TSCO
Tesco Price Performance
The company has a market cap of £21.62 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock has a fifty day moving average price of GBX 367.58 and a 200-day moving average price of GBX 362.77. 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 Buying and Selling
In related news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of GBX 371 ($4.83) per share, with a total value of £148,400 ($193,053.21). In the last ninety days, insiders acquired 40,110 shares of company stock valued at $14,881,384. Corporate insiders own 2.51% of the company's stock.
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.
See Also
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