Tesco PLC (LON:TSCO – Get Free Report) traded down 8.7% during mid-day trading 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 the company. JPMorgan Chase & Co. decreased their price target 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. Shore Capital reissued a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.
Read Our Latest Report on Tesco
Tesco Trading Down 8.7 %
Insider Buying and Selling at Tesco
In other Tesco news, insider Gerard Murphy bought 40,000 shares of the company’s stock in a transaction 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 purchased a total of 40,073 shares of company stock valued at $14,867,657 in the last ninety days. Insiders own 2.51% of the company’s stock.
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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