Tesco PLC (LON:TSCO – Get Free Report) shares traded down 8.7% 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 changed 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).
Analysts Set New Price Targets
Several research firms have recently issued reports on TSCO. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their target price 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.
Read Our Latest Stock Report on TSCO
Tesco Stock Performance
Insider Activity at Tesco
In related news, insider Gerard Murphy purchased 40,000 shares of Tesco stock in a transaction that occurred on 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). Over the last 90 days, insiders purchased 40,073 shares of company stock worth $14,867,657. 2.51% of the stock is 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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