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

Tesco PLC (LON:TSCO)’s share 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 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 research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 research note on Monday, January 13th. Shore Capital reissued a “buy” rating on shares of Tesco in a research note on Tuesday, December 10th.

Tesco Price Performance

The company has a debt-to-equity ratio of 126.35, a quick ratio of 0.60 and a current ratio of 0.81. The stock’s 50 day simple moving average is GBX 370.38 and its two-hundred day simple moving average is GBX 363.22. The firm has a market capitalization 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 Activity

In related news, insider Gerard Murphy bought 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of GBX 371 ($4.80) per share, for a total transaction of £148,400 ($191,954.47). In the last 90 days, insiders have bought 40,073 shares of company stock valued at $14,867,657. 2.51% of the stock is currently 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.