Tesco PLC (LON:TSCO – Get Free Report)’s stock price fell 8.7% during trading on Saturday . The stock traded as low as GBX 337.87 ($4.37) and last traded at GBX 339.20 ($4.39). 32,628,854 shares were traded during trading, an increase of 86% from the average session volume of 17,553,332 shares. The stock had previously closed at GBX 371.50 ($4.81).
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on TSCO shares. JPMorgan Chase & Co. decreased their price target on shares of Tesco from GBX 410 ($5.30) to GBX 400 ($5.17) and set an “overweight” rating for the company in a research note on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.
Check Out Our Latest Stock Report on Tesco
Tesco Trading Down 8.7 %
Insiders Place Their Bets
In other Tesco news, insider Gerard Murphy acquired 40,000 shares of the business’s stock in a transaction 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 ($191,954.47). Over the last quarter, insiders have acquired 40,073 shares of company stock worth $14,867,657. 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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