Tesco PLC (LON:TSCO – Get Free Report)’s stock price traded down 8.7% on Saturday . The company traded as low as GBX 337.87 ($4.37) and last traded at GBX 339.20 ($4.39). 32,628,854 shares traded hands 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 analysts have issued reports on TSCO shares. JPMorgan Chase & Co. reduced their price target on shares of Tesco from GBX 410 ($5.30) to GBX 400 ($5.17) and set an “overweight” rating on the stock in a report on Monday, January 13th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.
View Our Latest Analysis on Tesco
Tesco Price Performance
Insider Transactions at Tesco
In related news, insider Gerard Murphy purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of GBX 371 ($4.80) per share, for a total transaction of £148,400 ($191,954.47). Insiders have acquired a total of 40,073 shares of company stock worth $14,867,657 in the last three months. 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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