Tesco PLC (LON:TSCO – Get Free Report)’s share price was down 8.7% during mid-day trading on Friday . The company traded as low as GBX 337.87 ($4.38) and last traded at GBX 339.20 ($4.39). 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 ($4.81).
Wall Street Analyst Weigh In
TSCO has been the subject of several recent analyst reports. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on shares of Tesco from GBX 410 ($5.31) to GBX 400 ($5.18) and set an “overweight” rating for the company in a research note on Monday, January 13th.
Get Our Latest Research Report on TSCO
Tesco Price Performance
Insiders Place Their Bets
In related news, insider Gerard Murphy acquired 40,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost of GBX 371 ($4.81) per share, for a total transaction of £148,400 ($192,227.98). Insiders purchased a total of 40,073 shares of company stock valued at $14,867,657 over the last ninety days. 2.51% of the stock is currently owned by company insiders.
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.
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