Tesco PLC (LON:TSCO - Get Free Report) shares were down 8.7% during trading on Friday . The company traded as low as GBX 337.87 ($4.39) and last traded at GBX 339.20 ($4.41). Approximately 32,628,854 shares traded hands during mid-day 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).
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on TSCO shares. JPMorgan Chase & Co. dropped their price target on 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. Shore Capital restated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th.
Check Out Our Latest Stock Analysis on Tesco
Tesco Stock Performance
The company has a market capitalization of £21.77 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business's fifty day moving average is GBX 369.44 and its two-hundred day moving average is GBX 363.32. 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 bought 40,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of GBX 371 ($4.82) per share, for a total transaction of £148,400 ($192,752.31). In the last ninety days, insiders purchased 40,110 shares of company stock worth $14,881,384. Insiders own 2.51% of the company's stock.
Tesco Company Profile
(
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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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