Tesco PLC (LON:TSCO – Get Free Report) dropped 8.7% on Saturday . The company traded as low as GBX 337.87 ($4.37) and last traded at GBX 339.20 ($4.39). Approximately 32,628,854 shares changed 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 ($4.81).
Analyst Ratings Changes
TSCO has been the topic of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of Tesco from GBX 410 ($5.30) to GBX 400 ($5.17) and set an “overweight” rating on the stock in a research report on Monday, January 13th.
Check Out Our Latest Stock Analysis on Tesco
Tesco Price Performance
Insider Buying and Selling at Tesco
In other news, insider Gerard Murphy purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of GBX 371 ($4.80) per share, for a total transaction of £148,400 ($191,954.47). Insiders bought 40,073 shares of company stock worth $14,867,657 over the last ninety days. Company insiders own 2.51% of the company’s stock.
About Tesco
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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