Tesco PLC (LON:TSCO – Get Free Report) shares dropped 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). 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
Several equities analysts have recently weighed in on TSCO shares. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price 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.
Check Out Our Latest Stock Report on Tesco
Tesco Stock Performance
Insider Buying and Selling
In other Tesco news, insider Gerard Murphy bought 40,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.80) per share, with a total value of £148,400 ($191,954.47). Over the last 90 days, insiders have purchased 40,073 shares of company stock worth $14,867,657. 2.51% of the stock is owned by corporate insiders.
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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