Tesco PLC (LON:TSCO – Get Free Report) shares were down 8.7% during trading on Saturday . The company traded as low as GBX 337.87 ($4.37) and last traded at GBX 339.20 ($4.38). Approximately 32,628,854 shares changed hands 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 ($4.80).
Wall Street Analyst Weigh In
Several equities analysts have recently 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. lowered their target price on Tesco from GBX 410 ($5.30) to GBX 400 ($5.17) and set an “overweight” rating for the company in a report on Monday, January 13th.
Read Our Latest Report on Tesco
Tesco Price Performance
Insider Activity
In other Tesco news, insider Gerard Murphy purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of GBX 371 ($4.80) per share, for a total transaction of £148,400 ($191,830.40). In the last ninety days, insiders have bought 40,073 shares of company stock valued at $14,867,657. 2.51% of the stock is 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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