Tesco PLC (LON:TSCO – Get Free Report) shares 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 mid-day 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).
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut 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 research report on Monday, January 13th. Shore Capital reiterated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th.
View Our Latest Report on TSCO
Tesco Price Performance
Insider Activity
In other Tesco news, insider Gerard Murphy bought 40,000 shares of Tesco stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 371 ($4.80) per share, for a total transaction of £148,400 ($191,954.47). Insiders acquired 40,073 shares of company stock worth $14,867,657 over the last quarter. Corporate 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.
Featured Stories
- Five stocks we like better than Tesco
- The Risks of Owning Bonds
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Choose Top Rated Stocks
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Tesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco and related companies with MarketBeat.com's FREE daily email newsletter.