Tesco (LON:TSCO) Shares Down 8.7% – Should You Sell?

Shares of Tesco PLC (LON:TSCO) fell 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). 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).

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSCO shares. JPMorgan Chase & Co. decreased their price objective on shares of 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 reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The firm has a 50 day moving average price of GBX 370.38 and a 200 day moving average price of GBX 363.22. The stock has a market cap of £22.64 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Insider Buying and Selling at Tesco

In related news, insider Gerard Murphy bought 40,000 shares of the stock in a transaction 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). In the last quarter, insiders have acquired 40,073 shares of company stock valued at $14,867,657. Company 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.