Shares of Tesco PLC (LON:TSCO – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 75.20 ($0.97) and last traded at GBX 370.90 ($4.80), with a volume of 121815797 shares trading hands. The stock had previously closed at GBX 371.50 ($4.81).
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on 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.
View Our Latest Research Report on TSCO
Tesco Stock Performance
Insider Buying and Selling
In other Tesco news, insider Gerard Murphy acquired 40,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of GBX 371 ($4.80) per share, with a total value of £148,400 ($191,954.47). Insiders have bought a total of 40,073 shares of company stock valued at $14,867,657 over the last quarter. 2.51% of the stock is owned by corporate 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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